India reportedly plans to establish a new platform for bond derivatives trading
According to Golden Ten Data on May 5, citing foreign media sources familiar with the matter, India is planning to establish an electronic platform for bond forward trading in order to improve price discovery mechanisms in the country's predominantly over-the-counter bond forward market. According to sources, India's Clearing Corporation has been working with lending institutions on the proposed design and is preparing to submit the plan for central bank approval. Currently, bond forward trading, which was introduced in government bonds last year, uses bilateral negotiations and lacks transparent pricing.
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