What is USD SENSEX@ Future?

The Chicago-based U.S. Futures Exchange (USFE) has joined hands with BSE for the launch of a US Dollar-denominated Sensex futures contract that will trade 23 hours a day from April 4, 2008. USFE's SENSEX contract will allow eligible U.S. investors to directly participate in India's equity markets for the first time, without requiring American Depository Receipt (ADR) authorization. The contract will have a notional value of around USD 40,000 and a tick size of $ 10. The detailed information on the contract is available at http://www.usfe.com/products-ei-sensex.html

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