deutsche-starts-exchangebased-futures-business-in-india

Deutsche starts exchange-based futures business in India

Firm expands futures execution and clearing offering.

Andrew Peck

July 26, 2006

Citing the fast growing Indian derivatives market and a desire to offer more products to international investors, Deutsche Bank has expanded its futures execution and clearing capability in the region by opening its first exchange-based futures business in India.

The entity was opened through the bank's subsidiary Deutsche Equities India Private Limited and will be run through its Deustche Bank Global Exchange Services GES arm. The latter serves as its global futures and options services business, and is part of its global finance business.

According to Deutsche Bank GES, the Indian operations commenced at the start of July after receiving a licence from the India National Stock Exchange NSE in Mumbai in June. It...

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