MCX-SX launches Currency Futures segment

Mumbai, Oct 6 (UNI) SEBI chairman C B Bhave today launched the MCX Stock Exchange (MCX-SX) Currency Futures segment here.

The live trading at MCX-SX platform will commence from 0900 hrs tomorrow.

Mr Bhave was the chief guest on the occasion, while RBI Deputy Governor Shyamala Gopinath was Guest of Honour.

Speaking on the occasion, MCX-SX chairman P G Kakodkar said, ''We are happy that the government has taken a forward looking decision by giving permission to launch the trading in currency futures at the right time. It is a blessing for the currency market to have a transparent futures platform during these volatile times.'' He said the increasing cross-border flow of capital across economies owing to globalisation has caused risk to travel subtly across markets.

MCX-SX Vice-Chairman Jignesh Shah said, ''We are grateful to the market participants for the interest exhibited in MCX-SX. We have received global appreciation for these initiatives and that shows the interest of global markets on the opportunities in India and the importance of Indian Rupee. I am confident that the strong research and domain expertise of MCX coupled with the new generation technology platform and a good mix of actual users amongst participants will give an edge in the currency derivatives market.'' UNI AR/NV RN NP1939