Currency derivatives News

An internal working group was set up last year to study the current timings of various financial markets regulated by the Reserve Bank, including instruments traded on exchanges.

The markets regulator has also asked stock exchanges to have a uniform methodology for computing and monitoring proprietary position limits in the currency contracts.

Currency derivative turnover on the three top bourses of the country surged 36 percent to nearly Rs 76 lakh crore during last fiscal.

Leading exchange BSE will offer from tomorrow new specialised contracts named 'straddle and paired options' in its currency derivatives segment.

In April-May period last fiscal, the currency derivatives turnover on the bourses--NSE, BSE and MSEI (Metropolitan Stock Exchange)--stood at just Rs 7 trillion.

Leading bourse National Stock Exchange (NSE) today extended a discount of up to 59 per cent in transaction charges for trading on its currency derivatives platform and in equity options segment till July.

The Reserve Bank of India (RBI) relaxed rules for foreign investors in exchange-traded currency derivatives by increasing the trading limits allowed without an underlying exposure for the USD/INR pair to $15 million per exchange from $10 million earlier.

The three bourses -- NSE, BSE and MCX-SX -- together had recorded a currency derivative turnover of Rs 7.21 lakh crore in January 2015, latest data showed.

Leading bourse National Stock Exchange (NSE) has extended discount of upto 50 percent in transaction charges for trading on its currency derivatives platform and in equity options segment for two more months.

BSE said the derivatives move was part of a strategy that accepted sacrificing potential profit margins to build volume, as it aims to become a more dominant player beyond bread-and-butter equities trading.

Currency derivatives turnover on leading stock exchange BSE on Tuesday hit record high of Rs 11,634.42 crore, surpassing rival bourse NSE's turnover for the session.

Faced with growing competition from rival BSE, leading bourse National Stock Exchange (NSE) on Thursday announced discounts of up to 50 percent in transaction charges for trading on its currency derivatives platform and in equity options segment.

After exempting trades on its currency derivatives platform from any transaction charges for nearly one year, leading bourse BSE will begin levying a fee for this segment from December this year.