Business Standard

New $100 million limit to give NSE the edge in currency derivatives

Traders keen on liquidity are likely to migrate to NSE, cost conscious ones may move to BSE

graph
Premium

Ashley Coutinho Mumbai
The decision of the Securities and Exchange Board of India (Sebi) to raise the currency derivatives limit to $100 million from $45 million is likely to boost the currency derivatives market and give the National Stock Exchange of India (NSE) an edge in the segment.

Earlier, trading in currency derivatives had a limit of $15 million per exchange per client, enabling trades to be spread across exchanges. The limit has now been raised to $100 million without any specified limit for each of these exchanges.

“It will deepen the market because limits are now fungible across all exchanges. This will bring in

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 28 2018 | 11:54 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com