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.

Bombay Stock Exchange launches SENSEXmini DERIVATIVES Contracts

Overview

For the first time in India, Bombay Stock Exchange offers mini Futures and Options contracts on the leading Indian equity Index 'SENSEX ' for retail investors to participate in the ever growing Derivatives market. The SENSEX is the barometer of the Indian Capital Markets and widely tracked in the global financial markets.

Benefits
Since mini futures and options have market lot of FIVE, lower capital outlay and lower trading costs
Smaller size allows for more precise hedging and flexible trading.
Possible arbitrage between existing SENSEX Futures (bigger market lot) & SENSEX mini Futures (market lot 5).
SENSEX constitutes 30 leading companies of diverse industries covering 12 broad sectors of the Indian economy. Provides macro view of economy to retail as well as institutional investors.