NSE gets SEBI’s nod for currency futures trading

Capital markets’ regulator SEBI has given the nod to NSE to offer currency futures trading. “Today we have received in principle approval from SEBI for starting trading in currency futures,” said an NSE official. “We are ready to launch currency futures trading as we have been preparing for it by holding roadshows and training the brokers.” According to him, brokers have responded with enthusiasm, around 1,000 of them having participated in the recent roadshows conducted across the country. NSE will commence mock trading in currency futures next week. Currency derivatives will be new trading instruments on the stock exchanges.