BSE clocks highest turnover in cross currency derivatives segment

India's leading exchange BSE launched cross-currency derivatives and cross rupee options on Tuesday. On day one, the exchange took pole position with Rs. 1,098 crore turnover in cross currency derivatives.

The exchange started accepting EURUSD, GBPUSD & USDJPY futures & options contracts on Tuesday. These financial instruments help market participants hedge foreign currency exposures. NSE registered a turnover of around Rs. 1,080 crore in cross currency derivatives.

In currency pair terms, EURUSD registered a turnover of Rs. 667 crores, for GBPUSD it was Rs. 390 crore and for USDJPY contracts the turnover was at Rs. 41 crore on BSE, on Tuesday.

Also, BSE is offering an introductory waiver on transaction charges on cross currency derivative contracts from February 27 to August 31, 2018.

Meanwhile, at 12:25 IST, the stock of BSE Limited was trading at Rs. 797.05 per share, down by 0.72 per cent on Wednesday.