Benchmark AMC launches the Hang Seng BeES on the NSE. Indian market participants can now get exposure to the Hong Kong markets as well (as if the Indian markets werent volatile enough !). Anyhow, on the quant side, this opens up serious opportunities to legally engage in relative value trading with the Hong Kong markets.. For the time being, untill Hang Seng futures list, this trading will be limited only to Short India Long Hong Kong though.. a trade that will potentially become attractive in a few months..
Real fun begins when the S&P and Dow futures list in India !