Sensex futures set to launch in the US

The US Futures Exchange (USFE) is ready to launch futures contracts on the Sensex, India's benchmark equity index, on April 4.Officials from the Bombay Stock Exchange (BSE) approached counterparts at the US bourse last year to discuss the possibility of creating US dollar-denominated futures contracts and, in November, the two parties signed a licensing agreement. That deal paved the way for US investors to take part in the booming Indian equity market without the need for American de…