BSE, NSE launch cross-currency derivatives
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".