For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

BSE waives transaction charges for currency derivatives

By Super
|

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

Story first published: Wednesday, December 4, 2013, 9:43 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more