14.09.2015 - Sebi considers proposal on cross-currency futures pairs
Punters could soon get to trade in cross-currency futures pairs at a much cheaper cost on local bourses. Capital market regulator the Securities and Exchange Board of India ( Sebi), which regulates currency derivatives jointly with the Reserve Bank of India (RBI), is mulling a proposal by stock exchanges to offer these pairs in addition to dollar- and eurorupee futures they currently offer. "We are considering the proposal as we want to introduce new products and are in discussions with the RBI," said a regulatory official aware of the development. "Once the central bank approves it, exchanges could launch cross-currency pairs like dollar-euro, dollar-pound and dollar-yen." ..............................................Full Article: Source
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