All Entries in the "Currency" Category
SMX to Start Trading GBP-USD and EUR-USD Cash Settled Currency Futures
Singapore Mercantile Exchange (SMX), the first trans-Asian multi-product commodity and currency derivatives exchange, will begin trading the GBP-USD and EUR-USD cash-settled currency futures from July 29, 2011. In recent weeks, trading volume and turnover has increased steadily on SMX, and the exchange witnessed a historic high trading volume of 9,659 lots on July 27, 2011 [...]
CCI Holds NSE Guilty of Unfair Trading in Currency Derivatives
Anti-monopoly watchdog Competition Commission of India (CCI) on Wednesday held National Stock Exchange (NSE) guilty of abusing its dominant position in response to a representation filed by rival exchange MCX Stock Exchange Ltd (MCX-SX). The order has been issued for violation of section 4 of Competition Act 2002. MCX-SX had alleged that NSE had acted [...]
SMX to Start Trading Cash-Settled AUD-USD and USD-JPY Futures From April 29, 2011
Singapore Mercantile Exchange (SMX), the first trans-Asian multi-product commodity and currency derivatives exchange, will begin trading cash-settled AUD-USD and USD-JPY currency pair futures from April 29, 2011. Six consecutive monthly contracts of each currency pair will trade Monday to Friday from 10.00am up to midnight SGT. Contract sizes will be of 25,000 AUD and 25,000 [...]
Commencement of Live Trading in Currency Options on USD-INR Spot Rate
The Exchange has received approval from SEBI and RBI for introduction of options on USD-INR spot rate on currency derivatives segment of Stock Exchange. Members of the Currency Derivatives Segment are hereby informed that the Exchange shall commence ‘Live Trading’ in the currency options contracts on US Dollar-Indian Rupee (US$-INR) spot rate, with effect from [...]
HKEx Considers Launching Yuan Futures Market
The Hong Kong Exchanges and Clearing (HKEx) is considering launching a yuan currency futures market, another small step towards internationalising the Chinese currency, the China Business News said in a report on Friday August 27. HKEx has not fixed a plan for yuan futures products yet but the size of each contract will be 1 [...]
SEBI Announces Options on USD-INR Spot Rate
1. This is in continuation of SEBI Circular No. SEBI/DNPD/Cir- 38 /2008 dated August 06, 2008 regarding Exchange Traded Currency Derivatives. 2. It has now been decided to permit introduction of options on USD-INR spot rate on currency derivatives segment of Stock Exchanges. Eligible Stock Exchanges may do so after obtaining prior approval from SEBI. [...]
SMX Launches Euro-Us Dollar Futures Contract For Asian Trading Time Zone
Singapore Mercantile Exchange (“SMX”), Singapore’s first pan-Asian multi-product currency and commodity derivatives Exchange, announced July 20 that it will introduce Euro-US Dollar Futures contracts when the Exchange goes live in August 2010. The launch of this new contract leverages off the global shift of foreign exchange trading from over-the-counter to exchange traded derivatives with central [...]
Trading Volume of USD Futures Jumped to a New Yearly High
Trading volume of USD Futures surged to 661,759 contracts on May 13, thus setting a new yearly high record. The previous record was 639,986 contracts, set on March 10. Surge of trading volume of USD Futures was attributed to the net selling by the banks and trust companies, which stemmed from the heightened anticipation that [...]
