India's National Stock Exchange (NSE) has announced a landmark cross-listing arrangement with the Chicago Mercantile Exchange (CME), the world's leading and most diverse derivatives market.
As per the agreement, the dollar-denominated S&P CNX Nifty futures comprising India's top blue-chip stocks will now be traded on the CME, while NSE will get the rights to create and list rupee-denominated futures in leading Wall Street indexes Dow Jones and S&P 500, subject to regulatory approvals in India and the U.S.
The two stock exchanges have also signed an agreement on other areas of potential co-operation such as the development and distribution of financial products and services.
The move to integrate with global markets could further strengthen NSE's virtual monopoly in the derivatives segment.
"This association with CME Group will make the Nifty 50, and, over time, potentially other products across various India-related asset classes, available to a much larger community of traders and investors, " said Ravi Narain, managing director and chief executive officer of NSE.
Likewise, investors in India will have access to new exchange traded products that reflect some of the world's most widely traded equity indexes. This will improve portfolio choice for Indian investors by widening the array of assets that they can hold in their portfolios, he added.
"Our new partnership with NSE is an integral part of our global growth strategy," said Craig Donohue, Chief Executive Officer, CME Group.
After listing on CME, Nifty is expected to generate considerable interest among U.S investors. Besides, any market-moving global news flow can be absorbed instantly, enabling a seamless price discovery round the clock.
Once NSE starts trading rupee-denominated Dow Jones and S&P 500 futures, domestic institutions and investors could trade in these world's most preferred U. S indexes, just like in any other futures contract in the domestic market, without any currency risk.
NSE has also renewed its contract with the Singapore Exchange (SGX) for trading in Nifty futures and intends to explore the listing and trading of more India-linked products on the latter's platform. Currently, dollar-denominated Nifty futures trade on the SGX for 16 hours, from 9.00 am to 1.00 am (Singapore time).
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.