Friday January 10 2014
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Following approval from the Securities and Exchange Board of India (SEBI) to introduce Interest Rate Futures (IRF), the MCX Stock Exchange (MCX-SX) has decided to begin live trading in January, 2014 in its Currency Derivatives Segment.
Launch of cash-settled IRF will enable widening of the market and provide a better option for market participants to hedge against volatile interest rates. The product will benefit firms such as banks, brokerage houses, insurance companies and Primary Dealers.
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