MCX Stock Exchange News

MCX Stock Exchange will launch live trading in Currency Options in dollar-rupee pair from Friday. It will commence live trading in Currency Options from Friday, August 10, 2012, it said in a statement yesterday.

The move comes after MCX-SX received approvals from market regulator Securities and Exchange Board of India (SEBI) and the Reserve Bank of India.

The exchange would expand its offerings in the Currency Derivatives Segment (CDS) by introducing Currency Options in the Dollar-Indian Rupee (USD-INR) currency pair. The exchange had completed four successful mock trading sessions from August 4 to August 8.

Currency Options are contracts that grant the buyer of the option the right, but not the obligation, to buy or sell the underlying currency at a specified exchange rate during a specified period. [ News Via ]

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