Launch of India Vix futures driven by institutional investor demand

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By launching India Vix futures (NVix) later this week, the National Stock Exchange of India (NSE) hopes to tap into domestic institutional investor demand for equity futures and options. However, concerns remain over the lack of market-makers for the product. The February 26 launch is the latest in a series of volatility products on Asian indexes, following the S&P/ASX 200 Vix index in October last year and similar moves by the Osaka and Hong Kong exchanges in 2012. NVix is computed using