NEW YORK: Standard & Poor's, the world’s leading index provider, announced today that it has licenced the National Stock Exchange of India (NSE) to create and list rupee-denominated futures contracts on the S&P 500 (subject to regulatory approvals).

According to a release issued by S&P today, the S&P 500 is the world's most followed stock market index with nearly $1 trillion directly indexed and $3.51 trillion benchmarked to it.