VSE SSL to launch 'Currency Derivatives'

The VSE Stock Services Limited (VSE SSL), a wholly owned subsidiary of Vadodara Stock Exchange Limited (VSE) is ready for launching 'Currency Derivatives' after completing the required formalities, its managing director Dipak Raval said here today.

VSE is a corporate member of BSE, NSE and MCX–SX and presently has been operating in Cash and F & O segment. The annual turnover of the company is around Rs 22,000 crore.

To educate and create awareness among its members on 'Currency Derivatives', VSE had organised seminars and also workshops were held for educating and creating awareness of its members, Raval said.

For taking part in the operation of 'Currency Derivatives' segment, the members will have to clear an examination to be conducted by National Institute of Securities Markets (NISM) which will be held here, he said.

The operation of Currency Derivatives  will benefit exporters, importers, banks and others in general, Raval said.

The VSE SSL had started operations of NSE F&O from May 20 2009, after it got approval from Sebi, NSE Future & Option segment and MCX, Raval said.

VSE got recognition as stock exchange from the Union Government on January 5, 1990 and had become country's 19th recognised stock exchange.