BseIndia allowed to trade on U.S Future Exchange

According to informed sources, Exclusive Agreement With BSE Provides For U.S. Dollar-Denominated Futures Contract To Begin Trading February 22, 2008

U.S. Futures Exchange (USFE) announced today that it will exclusively license Bombay Stock Exchange’s (BSE) benchmark SENSEX Index for U.S. dollar-denominated futures trading beginning February 22, 2008. USFE’s SENSEX contract will allow eligible U.S. investors to directly participate in India’s equity markets for the first time, without requiring American Depository Receipt (ADR) authorization.