NSE IFSC, a fully-owned subsidiary of the National Stock Exchange (NSE), will come up with single derivative contracts in 15 global stocks, including giants like Apple Inc, Facebook, and Alibaba.
These contracts will be trade in three additional currencies, including Swiss franc and the US dollar.
These new contracts will come in effect from Monday, July 24, 2017.
The new currency pairs also include the Japanese yen-US dollar and the Australian dollar-US dollar.
The 15 global stock derivatives will feature those of Alphabet Inc, Microsoft, China Mobile, Amazon.com, ExxonMobil Corporation, Johnson and Johnson, JPMorgan Chase, Wells Fargo, General Electric Company, AT&T Inc, Bank of America and Procter and Gamble Company.
There will also be day spread contracts in F&O for all these underlying — instead of two transactions to be done to roll over a contract to the next month series, it can be done as one transaction. This will bring down cost and risk of only one leg getting executed.
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