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MCX-SX overtakes NSE in currency futures

MCX-SX overtakes NSE in currency futures
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First Published: Thu, Oct 08 2009. 12 24 AM IST
Updated: Thu, Oct 08 2009. 12 24 AM IST
Mumbai: Currency futures volumes on the MCX Stock Exchange (MCX-SX) reached an industry high on Wednesday, crossing Rs10,798 crore and overtaking National Stock Exchange of India Ltd (NSE) in the process. NSE had volumes of Rs9,857 crore on Wednesday. Currency futures trading was first launched in India in August 2008 by NSE, and followed by MCX-SX in early October.
The total monthly average of currency futures volume in the April-September period by both MCX-SX and NSE has increased from Rs7,700 crore to about Rs21,745 crore.
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First Published: Thu, Oct 08 2009. 12 24 AM IST
More Topics: MCX | NSE | Rupee | Currency | Money Matters |