BSE created history on June 9, 2000 by launching the first Exchange-traded Index Derivative Contract i.e. futures on the capital market benchmark index – the BSE Sensex. The inauguration of trading was done by Prof. J.R. Varma, member of SEBI and Chairman of the committee which formulated the risk containment measures for the derivatives market. The first historical trade of 5 contracts of June series was done that day between the Members Kaji & Maulik Securities Pvt. Ltd. and Emkay Share & Stock Brokers Ltd. at the rate of 4755.