Can an NRI trade in Derivatives?

[bijurag]

hi
I am an nri looking to open an online trading account.As i understand, nris r allowed to invest only thru PIS(potifolio investment scheme) which has several restrictions like no intraday trading , restriction on the companies we can invest in and also derivatives. But i have got a lot of contradicting info about trading in derivatives.
My question is
Can a nri investor trade in derivatives like futures and options?

Any feedback would be really appreciated
thanks

I too need a reply.
Can an NRI trade in Derivatives? like Futures and Options?

If the answer is YES could you please advise me few names of the brokers having online platform? and if the answer is NO please advise me the reason with authoritys regulation reference.

 

[ARMHM]

NRIs can trade in derivatives, there are some restrictions though. Account can be opened with any registered broker. Only they can explain what type of account is suitable for derivatives trading.

 

[swapnilkamble]

nri's can trade into the derivatives market. they need a broker who executes trades, a clearing member who clears the trades and a bank with NRO a/c for maintaining the margins for the derivative position

 

[NiftyFantasy]

nri's can trade into the derivatives market. they need a broker who executes trades, a clearing member who clears the trades and a bank with NRO a/c for maintaining the margins for the derivative position

Question in may2008 and reply in jun2009 ...?????

 

[joesan]

Question in may2008 and reply in jun2009 ...?????

Because things has changed. FYI, my broker www.interactivebrokers.com has just started to offer Indian products to non-Indian customers, which means from now on, I can access Nifty futures trading from Shanghai.