Bourse gets SEBI approval; launch in 2 months.
Robust growth in trading volumes in currency derivatives has drawn nine public-sector banks led by Bank of India, Federal Bank, MMTC, TCS and Jaypee Capital to jointly float India’s fourth currency futures exchange — the United Stock Exchange of India Ltd (USEIL).
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Comment: Can someone imagine multiple exchanges in India for the same instrument. No benefit for anyone. What regulators are doing?
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