28/04/2010
Sebi allows derivatives on volatility index
The Securities and Exchange Board of India (Sebi) on Tuesday allowed stock exchanges to launch derivative contracts based on a volatility index. The regulator will allow an exchange to launch derivates on a volatility index that has a track record of at least a year. At present, only the National Stock Exchange has a volatility index. Sebi has asked the exchanges to submit the specifications of any such contract they intend to launch.
Source : https://www.livemint.com/2010/04/28002821/Markets--Sebi-allows-derivati.html
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