Shares of MCX and Financial Technologies India today gained up to 3.3%, a day after MCX-SX received approvals from Sebi and RBI to launch Currency Options.
MCX shares rose by 3.37% to Rs 1,088.40 on the BSE, while FTIL gained 2.23% at Rs 781.
The approvals will enable the exchange to expand offerings in the Currency Derivatives Segment (CDS) by introducing Currency Options in the Dollar-Indian Rupee (USD-INR) currency pair.
MCX-SX had said it held a successful mock trading session on August 4, 2012 and will soon announce the date of live trading of Currency Options.
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.
MCX is the country's largest commodity exchange, while its promoter FTIL offers technology and other solutions for exchange businesses.
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