Trade the Indian Market with CNX Nifty Futures
By Kristina Zurla Landgraf • Jul 26th, 2010 • Category: MF Global in the News, Market UpdatesLind-Waldock clients can now gain access to the Indian stock market through the new CME Group E-Mini and E-Micro S&P CNX Nifty (Nifty 50) futures contracts. The contracts are listed and traded on CME Globex, with trading hours Monday – Friday, 3:30 p.m. – 3:15 p.m. CT the following day. (Friday the market closes at 3:15 p.m.) A trading halt will occur Sundays-Thursdays from 9:30 p.m. – 10:30 p.m. CDT/8:30 p.m. – 9:30 p.m. CST, coinciding with the hour prior to the NYSE open.
The S&P CNX Nifty Index is the leading benchmark for India’s stock market, comprised of the 50 largest (large cap) and most liquid blue-chip Indian companies of the approximately 1,300 listed on the National Stock Exchange of India. The E-mini contract is priced at $10 times the index value, while the E-micro contract is priced at $2 times the index value.
Trading symbols for Lind-Waldock clients are:
E-Mini S&P CNX Nifty Futures - EMF
E-Micro S&P CNX Nify Futures – MNF
For more information, visit www.cmegroup.com/nifty50, or contact your Trade Desk or Lind Plus broker.
It’s on!!!!