NSE's plans to relaunch VIX futures face hurdles

The National Stock Exchange's plan to relaunch futures contracts on India VIX is seen as a step to catch up with developed markets like the US.

- ANANYA GROVER

THE NATIONAL STOCK Exchange's plan to relaunch futures contracts on India VIX is seen as a step to catch up with developed markets like the US. However, market participants believe that the product may not garner much attraction as they question the viability of the index.

Answering a question on the exchange's diversification plans in the derivatives space given the pressure in equity, chief business development officer Sriram Krishnan said, "We keep gathering feedback from time to time... one feedback that has come in is to consider launching VIX futures, something that we may consider at a suitable point in time."