BSE waives transaction charges for currency derivatives

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BSE waives transaction charges for currency derivatives
To attract more participants, BSE has waived transaction charges for its newly-launched currency and interest rate derivatives segments. The exchange said there would be no transaction charges on these segments for a period of six months.

"Transaction charges shall not be levied for a period of six months from November 29, 2013 for trades done in currency and interest rate derivatives in the interest of market participants and securities market," BSE said in a circular.

The exchange launched the platform for trading in currency and interest rate derivatives last week. BSE is the fourth bourse to start trading in these segments after the NSE, MCX-SX and United Stock Exchange.

On November 29, the first day of launching the currency derivatives segment, BSE clocked a turnover of Rs 325 crore.

In its currency derivatives segment, BSE offers trading in contracts of Indian rupee with US dollar, euro, British pound and Japanese yen, among others.

BSE currency platform would allow trading on all week days between 9 am and 5 pm barring the day of expiry of contract, when the trading would be stopped at 12.15 pm.

PTI

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