BSE hits highest turnover in currency derivatives segment

India’s largest exchange in the currency derivatives segment BSE touched its highest turnover of Rs. 45,575 crore on Wednesday. Currency derivatives include futures and options, with four pairs of currencies traded at future prices. The dollar-rupee is the most popularly traded pair, holding nearly 95 per cent market share.

The stock exchange is a leading currency derivatives choice for banks, corporates as well as propriety trading firms. The exchange is also planning to introduce commodity derivatives transactions for which the exchange has decided to hold mock trading session from January 29, 2018. However, the exchange has not divulged into the details concerning the connection parameters, timings and file formats of the mock trading sessions or commodity derivatives transactions.

The exchange has asked the members using vendor-based or in-house developed front-end trading applications to start necessary development in the trading application.

On December 28, 2017, markets regulator SEBI had announced that India will have a unified exchange regime from October 2018, post which the stock exchanges will be allowed to offer trading in commodities derivatives.