Eighteen months after introducing India’s volatility index, or VIX, market regulator Sebi has begun its groundwork to introduce derivatives contracts, with the index as the underlying. VIX is a measure of traders’ near-term expectations of implied volatility, or IV, based on the 50 stock options prices on the Nifty index. The regulator is believed to be talking to market participants about the possibility of introducing futures and options that traders can use to bet..
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