Which of the following launched world’s first ever diamond derivatives? 1). BSE 2). National Stocks Exchange of India (NSE) 3). Indian Commodity Exchange Limited (ICEX) 4). National Spot Exchange
The world’s first ever diamond derivatives were launched by Indian Commodity Exchange Limited (ICEX).
Derivatives are the financial instruments of capital market in which there is a contract between the two parties. Its value is derived from the value of an underlying assets such as stocks, bonds, commodities and currencies etc.
The most common types of derivatives are options, futures, forwards and swaps.