22.01.2009 - Fourth currency exchange in India gets regulator approval
From Indiatimes.com: In what could be construed as a move to add more depth to the nascent currency futures market, Sebi has approved a fourth exchange, promoted by a clutch of public and private sector banks, to commence trading in rupee-dollar futures. United Stock Exchange of India, expected to come on line in February, is the fourth currency futures bourse after National Stock Exchange, MCX-SX, promoted jointly by commodity bourse MCX along with Financial Technologies, and BSE, which received Sebi’s in-principle approval to offer rupee-dollar trading in the latter half of 2008..... Full Article: Source
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