Exchange-traded interest rate futures in JanuaryDecember 8th, 2008 - 7:03 pm ICT by IANS
New Delhi, Dec 8 (IANS) India’s market regulator will allow exchange-traded interest rate futures in January, a senior official said Monday.”We are on track to launch interest rate futures. It will be launched by January,” T.C. Nair, whole-time member of the Securities and Exchange Board of India (SEBI), told reporters during a business meet.
“The corporate bonds private placement business each day is currently between Rs.3 billion to Rs.4 billion and if infrastructure sector has to receive a booster, approval for exchange traded corporate bonds have to be given in the next couple of months to facilitate liquidity in the bond market, which is currently sized at Rs.2 trillion annually,” Nair said.
SEBI is also considering launching exchange-traded corporate bonds and would unveil it in a “couple of months”, he added.