Just to clarify would the following be correct
- NIFTY futures on NSE are not trad able outside India? but then via brokers like IB who have both international ppresence and in India cna one trade the NSE contract directly?
- Because NSE has the concept if LOT SIZE even for Index futures ! the 75 figure comes in to picture? Unlike ES futures example which is Futures value say 3000 x 50USD per POINT = notional In USD = 150,000 clear
Where as Nifty 1 contract would be say 11000 x 75 x 0.05 INR = 41,250 INR ( that is only 589USD? at the exchange rate of 1USD = 70 INR) that sound a very low ?
or is it 11000 x 75 = 825,000 INR = 11,785 USD which makes more sense!
The "lot size" concept for Index futures is confusing may be it exists on NSE because the Equity futures are designed that way and they have to have Lot size becasue of variety in share prices!
- Nifty Futres on CME are these Futures created on CME with it's own book? own tick value? and own notional value?
- SGX Nifty
Is it again a SGX created contract like CME? and how does the notional work?
is it also not true that NSE and SGX had a fall out and SGX can't offer Nifty futures any more