India Options Mart To Get Boost

  • 14 Feb 2006
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The Indian derivatives market is expected to get a boost in turnover due to an increase in limits for single-stock futures and options. The Securities and Exchange Board of India has raised the position limits from a combined INR500 million (USD11.3 million) for futures and options to a combined amount of 20% of physical capital of a company.

"It's a logical next step," said Justin Kennedy, managing director in Asia-Pacific equity derivatives at Citigroup in Hong Kong. "This gives investors an effective means to trade single-stock optionality onshore." In addition to direct trading by qualified institutional investors, international houses offer such derivative positions to offshore accounts via market access participatory notes, which have become a massive business in the last few years.

"We've watched index volumes increase substantially and thought it was time to increase the limits on single stock contracts," said N. Parakh, chief general manager in the derivatives department and author of the circular at SEBI in Mumbai. "This should allow for the development of a meaningful single-stock options market," added Kennedy.
  • 14 Feb 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jan 2017
1 Citi 35,941.13 111 8.93%
2 Barclays 31,588.47 86 7.85%
3 JPMorgan 27,799.55 107 6.91%
4 Bank of America Merrill Lynch 27,706.86 75 6.88%
5 HSBC 21,949.38 82 5.45%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 949.97 3 14.14%
2 UBS 658.66 5 9.80%
3 Goldman Sachs 656.16 2 9.77%
4 JPMorgan 614.28 5 9.14%
5 Emirates NBD PJSC 408.38 1 6.08%