USE hits record high on first day of trading

Mumbai, Sep 21: India's newest bourse, United Stock Exchange (USE), had a great run on the very first day of its trading on Monday, Sep 20 as it clocked volumes of Rs 45,485 crore.

The total volumes on the exchange-traded currency futures market hit a record Rs 87,389 crore - courtesy four currency pairs, including rupee versus dollar, euro, yen and GBP.

The currency futures trading got off to a great start on active participation by jobbers and banks.

“It has been a very impressive performance, and it will be great if they can sustain the volumes," Jamal Mecklai, CEO, Mecklai Financial is quoted as saying.

If USE's brilliant performance continues, then it could revive the fortunes of USE"s single largest shareholder, Bombay Stock Exchange (BSE), which has been facing competition from National Stock Exchange (NSE).

OneIndia News