The Bombay Stock Exchange has signed a licensing agreement with US-based International Securities Exchange (ISE) to launch derivative products in India.
The agreement is part of the ongoing market development efforts between BSE and Deutsche Börse Group, which includes Eurex and ISE, the BSE says. ISE is a wholly-owned subsidiary of global derivatives exchange Eurex.
Under the agreement, the BSE will seek approval from Indian regulators to launch derivative products for Indian investors based on ISE indices as part of its futures and options product portfolio.
The BSE has a shareholder base that includes Deutsche Börse and Singapore Exchange. ISE operates a US options exchange and offers options trading on over 2,000 underlying equities, exchange traded funds, index and foreign exchange products.