SEBI CLEARS EXCHANGE TRADED CURRENCY FUTURES

The SEBI Board decided on the introduction of Exchange Traded Currency Futures Market. A SEBI board took note of the report of the RBI-SEBI Standing Technical Committee on Exchange Traded Currency Futures. It also noted that applications had been received from two exchanges – the National Stock Exchange of India Ltd. and the Multi Commodity Exchange India Ltd. – for starting exchange traded currency futures platform.