George said that NSE authorities is gearing up to kick off the derivatives trading in the country before May 15. "NSE is going ahead with the plan for introducing derivatives trading anytime before April 15", George said, adding that "NSE has equipped itself with all the necessary expertise, equipment and safeguard mechanism for introducing this novel concept for the first time in the country". He said, as per the plans, NSE will introduce the derivative trading in a phased manner. "To test the waters, the exchange will be introducing the trading in futures linked to its index first", he said. Once the concept has caught up with the investors and the rules of the game stabilised, it will go in for trading in index options.

NSE early this year had broad-based its index, Nifty, in association with the leading rating and consultancy firm, Standard and Poor and branded and rechristened itself to NSE S&P Nifty. The recasting was based on a study conducted by the S&P to accommodate the changes in the top rung of most liquid and market moving stocks so as to make the index more reflective of the market movements. George said Geojit is hopeful of achieving the critical mass in the newly introduced internet stock trading by June this year. "Three months down the line, we see a minimum of 500 high-networth clients trading on the Net using our platform. We are going very slow in enhancing our client base to get the proper feedback from the market", he said.