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MCX gains on Sebi-RBI nod to launch currency options

Posted on 07 August 2012

Multi Commodity Exchange Ltd surged over 2 per cent in early trade on Monday after the company said on Sunday that it received approval from market regulator Sebi and the RBI to launch currency options on its platform.
The Sebi-RBI nod came nearly four years after MCX-SX started its currency derivatives trading platform, the only one that it offers currently. “At July-end, it had a turnover of about Rs 13,500 crore in the currency derivatives segment, and a market share of 43.6 per cent. The two other exchanges which offer currency derivatives trading platform are NSE and United Stock Exchange (USE),” TNN reported………………………………………..Full Article: Source


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