Standard & Poor’s (S&P), in collaboration with India Index Services & Products Ltd (IISL) and the National Stock Exchange of India Ltd (NSE), plans to launch commodity index and different derivative products for India.
Speaking to FE, Robert Shakotko, managing director, S&P Index Services, said, “We are in close talks with the NSE and IISL on the establishment of newer products for the Indian space. We are also liaising with the investment managers in India, making presentations to them on different financial products.”
“Our focus will be on the equities and commodities market in India. We are also looking at different derivative products for the Indian space for which we are talking to different investment managers in the country,” said Shakotko.
Shakotko also added that S&P was keen on participating in the Indian market to help them enter the global equity market. Talking about the ongoing financial turmoil in the global markets, which is getting bad to worse, Shakotko said that this scenario may change in a while.
“Today, the liquidity scenario worldwide is hampered greatly. Equity markets worldwide are crashing, India being no exception. Everybody’s feeling the pinch. However, it is hard to know where we’ll go at the moment but there is still some optimism they will recover,” he said. Despite the global scenario being shaky, people are still investing and trading in equity stocks, he exclaimed.
“High degree of volatility in global markets is pushing investors to look at volatility based products, especially in the West,” said Shakotko.