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SEBI approves products to be traded on stock exchange in GIFT city IFSC

Products accorded approval by SEBI for trading in stock exchanges in GIFT City IFSC

 

Gujarat International Finance Tec-City International Financial Service Centre (GIFT City IFSC) has been set up with an objective to, inter alia, enable Indian entities to compete on an equal footing with offshore financial centres and to provide facilities and regulations comparable to other leading international financial centres in the world.

SEBI had already operationalized two stock exchanges, viz. India INX and NSE IFSC in GIFT City IFSC and advised that all categories of exchange-traded products as available for trading in stock exchanges in FATF/IOSCO compliant jurisdictions shall be eligible for trading subject to prior approval of SEBI. SEBI has now accorded approval to India INX and NSE IFSC to launch derivatives on additional 33 and 52 Indian stocks, respectively.

With the above, India INX and NSE IFSC have been permitted to offer trading in a well-diversified range of products spanning various asset classes which include Indian index derivatives, derivatives on Indian stocks, derivatives on foreign stocks, currency derivatives and commodity futures on Gold, Silver and base metals as given below:

  1.    India INX
  2. a)    Index Derivatives (Futures and Options) on S&P BSE SENSEX and S&P BSE SENSEX 50
  3. b)    Derivatives (Futures and Options) on Indian stocks
  4. c)    Futures on Foreign Stocks
  5. d)    Derivatives (Futures and Options) on currency pairs (not involving Indian Rupee)
  6. e)    Commodity Futures on Gold, Silver, Copper, Zinc, Aluminium, Lead and Nickel

  1.    NSE IFSC
  2. a)    Index Derivatives (Futures and Options) on NIFTY, BANKNIFTY and NIFTY IT
  3. b)    Derivatives (Futures and Options) on Indian stocks
  4. c)    Derivatives on Foreign stocks
  5. d)    Derivatives (Futures and Options) on currency pairs (not involving Indian Rupee)
  6. e)     Commodity Futures on Gold, Silver, Copper, Zinc, Aluminium, Lead and Nickel
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