SEBI ALLOWS 3-YEAR OPTIONS ON INDICES

The Securities & Exchange Board of India (SEBI) recently gave its go ahead for the launch on long duration options on the popular Sensex and Nifty indices with tenures up to three years.The move is aimed at helping investors to hedge their positions in the market for three years compared to the existing three-month duration. The decision is based on the recommendations of SEBI’s Derivatives Market Review Committee headed by Prof M. Rammohan Rao. The product will be available with immediate effect, according to a SEBI circular