Published On: Tue, Feb 27th, 2018

BSE, NSE launch cross-currency derivatives

Mumbai: Stock exchange majors — BSE and NSE — on Tuesday launched cross-currency derivatives to provide a new asset class for market participants to diversify their investments.

Trading in currency derivatives was launched at NSE in August 2008

The new asset class allows market participants to trade currency pairs that are the most active globally.

The two exchanges launched future and options contracts in “EUR-USD, GBP-USD and USD-JPY” pairs respectively.

Last week, securities market regulator SEBI had given its nod to stock exchanges for the launch of cross-currency derivatives.

The trading in currency derivatives was launched at NSE in August 2008 with the introduction of “USD-INR Futures”.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>