Stock exchange majors -- BSE and NSE -- on Tuesday launched cross-currency derivatives to provide a new asset class for market participants to diversify their investments.
The new asset class allows market participants to trade currency pairs that are the most active globally.
The two exchanges launched future and options contracts in "EUR-USD, GBP-USD and USD-JPY" pairs respectively.
Last week, securities market regulator SEBI had given its nod to stock exchanges for the launch of cross-currency derivatives.
The trading in currency derivatives was launched at NSE in August 2008 with the introduction of "USD-INR Futures".
--IANS
rv/bg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app