Germany’s Deutsche Börse (DB), which owns a 5 per cent equity stake in the Bombay Stock Exchange (BSE), has been made an exclusive worldwide sales partner for all indices of the Indian bourse. The move opens up prospective trading interest for the domestic indices in European and other Asian markets.
The BSE, which is Asia’s oldest stock exchange, is yet to attract investors’ fancy in derivatives trading in its indices, and the move is aimed to attract more investor interest in its indices, especially from among foreign investors.
At a later stage, this would also help the exchange in activating its derivative segment by luring foreign institutional investors (FIIs) to its products, said its officials. Already, Barclays has an ETF (exchange-traded fund) listed on the Singapore exchange (iShares Sensex), which tracks the BSE’s main index.
The BSE would also get to earn a licence fee from the users of its indices through the latest initiative, said senior officials.
Read more in The Business Standard article.
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