Currency derivatives gets new exchange

Aug 17, 2010 |

Correspondent

Mumbai, Aug 16: The United Stock Exchange of India (USE) will commence trading in currency derivatives from August 31 in all four currency pairs — USD-INR, EURO-INR, JPY-INR and GBP-INR.

The USE MD and CEO, Mr T.S Narayanasami, said USE is promoted by 21 public sector and five private sector banks. The BSE will be the single largest shareholder with 15 per cent, while the banks together have 50 per cent and may go upto 53 per cent.

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