Business Standard

MCX SX launches Telugu website

BS Reporter  |  Chennai/ Hyderabad 

has launched its 7th regional website in Telugu (http://telugu.mcx-sx.com). The website has a currency futures price ticker, real-time rendering of charts, online charts and membership-related data. Currently, there are over 500 members. It would also offer information updates on price movements, volumes transacted, and contract details.

Speaking on the occasion, MCX-SX chief executive officer said the effort was to empower the SME and corporate houses about currency futures to insure against volatile currency rates. It is also making effort to introduce sterling, yen and euro for trading on the exchange. At present, only dollar-rupee pair trading is offered.

The exchange has signed a memorandum of understanding with the Federation of Indian Exporters Organisation to reach more than 11,000 exporters across India and spread awareness of currency futures as a hedging tool.

Venkatraman said that big corporates houses were not looking at currency futures yet. Hedging is a way to reduce the foreign exchange risks, he said adding that the companies might get interest into currency futures once the total turnover is about $1 billion a day. “We expect to have a combined turnover of $1 billion 2009 for currency futures around April,”' he said.

RECOMMENDED FOR YOU

MCX SX launches Telugu website

MCX Stock Exchange has launched its 7th regional website in Telugu (http://telugu.mcx-sx.com). The website has a currency futures price ticker, real-time rendering of charts, online charts and membership-related data. Currently, there are over 500 members. It would also offer information updates on price movements, volumes transacted, and contract details.

has launched its 7th regional website in Telugu (http://telugu.mcx-sx.com). The website has a currency futures price ticker, real-time rendering of charts, online charts and membership-related data. Currently, there are over 500 members. It would also offer information updates on price movements, volumes transacted, and contract details.

Speaking on the occasion, MCX-SX chief executive officer said the effort was to empower the SME and corporate houses about currency futures to insure against volatile currency rates. It is also making effort to introduce sterling, yen and euro for trading on the exchange. At present, only dollar-rupee pair trading is offered.

The exchange has signed a memorandum of understanding with the Federation of Indian Exporters Organisation to reach more than 11,000 exporters across India and spread awareness of currency futures as a hedging tool.

Venkatraman said that big corporates houses were not looking at currency futures yet. Hedging is a way to reduce the foreign exchange risks, he said adding that the companies might get interest into currency futures once the total turnover is about $1 billion a day. “We expect to have a combined turnover of $1 billion 2009 for currency futures around April,”' he said.

image
Business Standard
177 22

MCX SX launches Telugu website

has launched its 7th regional website in Telugu (http://telugu.mcx-sx.com). The website has a currency futures price ticker, real-time rendering of charts, online charts and membership-related data. Currently, there are over 500 members. It would also offer information updates on price movements, volumes transacted, and contract details.

Speaking on the occasion, MCX-SX chief executive officer said the effort was to empower the SME and corporate houses about currency futures to insure against volatile currency rates. It is also making effort to introduce sterling, yen and euro for trading on the exchange. At present, only dollar-rupee pair trading is offered.

The exchange has signed a memorandum of understanding with the Federation of Indian Exporters Organisation to reach more than 11,000 exporters across India and spread awareness of currency futures as a hedging tool.

Venkatraman said that big corporates houses were not looking at currency futures yet. Hedging is a way to reduce the foreign exchange risks, he said adding that the companies might get interest into currency futures once the total turnover is about $1 billion a day. “We expect to have a combined turnover of $1 billion 2009 for currency futures around April,”' he said.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard