BSE has tied-up with US Futures Exchange for Sensex derivatives in the US, reports CNBC-TV18.

Trading in dollar-denominated Sensex Futures will start on February 22, 2008.

The NSE has done it in Singapore and now the BSE wants to list the index futures in the US. The BSE has tied up with the US Futures Exchange to list Sensex futures. Trading in these futures will start on February 22, and trading will be carried on for 23 hours a day, for five days in a week.

“The strategy is to see that while the Indian market is on, certain other markets have an overlap, but US would be closed. When you have interest trading, after the market has closed in India, that will provide liquidity. That is probably the uniqueness for this product. It will probably gain liquidity,’ said Rajnikant Patel, CEO of BSE.

But it remains to be seen whether this move will go the Nifty way or whether it will help BSE add that extra zing to its derivatives segment, which has been reeling under low volumes for a while now.