Third time lucky for India's interest rate futures market, traders hope
Launch of exchange-traded interest rate futures offers hedging alternatives
The relaunched interest rate futures market in India will be a hit, participants say, because the Securities and Exchange Board of India (Sebi) listened to market feedback. The January 10 approval of the revamped product marks the third attempt to get the market off the ground.
Trading of the new contracts started at the MCX Stock Exchange (MCX-SX) and the National Stock Exchange of India (NSE) on January 20 and January 21, respectively. The Bombay Stock Exchange is expected to follow suit
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