1991 Liberalization process initiated

14-Dec-95 NSE asked SEBI for permission to trade index futures.

18-Nov-96 SEBI setup L.C.Gupta Committee to draft a policy framework for index f
utures.
11-May-98L.C.Gupta Committee submitted report.
07-Jul-99 RBI gave permission for OTC forward rate agreements (FRAs) and interes
t rate swaps.
24-May-00 SIMEX chose Nifty for trading futures and options on an Indian index.
25-May-00 SEBI gave permission to NSE and BSE to do index futures trading.
09-Jun-00 Trading of BSE Sensex futures commenced at BSE.
12-Jun-00 Trading of Nifty futures commenced at NSE.
31 Aug-00 Trading of futures and options on Nifty to commence at SIMEX
25-Sep-00 Nifty futures trading commenced at SGX.
02-Jun-01 Individual Stock Options & Derivatives
June 01- Index options introduced on NSE based on S&P P CNX nifty index
2008- Trading in currcecy commenced futures.
2009 Interest rate derivative were introduced into market.