BSE plan to launch currency futures by Sept The Bombay Stock Exchange is planning to launch Exchange Traded Currency Futures (ETCF) contracts by early September after SEBI officials inspect its system next week BSE has already applied with SEBI for setting up the currency derivatives segment and is in line with the recommendations made by RBI-SEBI Standing Technical Committee report on currency futures which was released in May. The ETCF contracts would facilitate more transparency, efficient price discovery, enable better better counter party credit risk management, wider participation and reduced transaction costs
Monday, August 11, 2008
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