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BSE currency derivative turnover rises 4 times

Press Trust of India  |  Mumbai 

Helped by new trading technology, BSE's currency derivative turnover grew nearly four times to Rs 2.84 lakh crore a month in the fiscal that ends today.

During April 2014, the first month of the fiscal, the exchange had recorded a turnover of Rs 71,907 crore.

BSE's currency derivative for the entire fiscal 2014-15 stood at Rs 19.01 lakh crore.

BSE, which had begun trading in currency derivatives in November 2013, has attributed its success in the currency derivatives segment to the new trading technology which offers a response time of 200 microseconds.

The National Stock Exchange (NSE), generally a preferred bourse for trading in currency derivatives, saw a turnover of Rs 3.37 lakh crore during March this year.

Currency derivative contracts allow investors to take position on change in the foreign exchange rates between pairs of two currencies, such as rupee and dollar.

In November, 2013, BSE had become the country's fourth bourse to offer currency derivatives trading.

First Published: Tue, March 31 2015. 20:42 IST