MCX-SX gets Sebi approval for IRF; launch this month

Tags: Stock Market
Following Sebi's approval to introduce Interest Rate Futures (IRF), MCX Stock Exchange (MCX-SX) today said that live trading in currency derivatives segment would start this month.

The exchange received nod from the Securities and Exchange Board of India (Sebi) today, it said.

"With the expected turnaround in the economy, there will be a growing need to bring to table the entire range of products for meeting investor needs. Development of the Interest Rate Derivatives (IRD) market is an important step in placing the Indian markets on par with developed economies. We will soon take this segment live," MCX-SX vice chairman Thomas Mathew said in a statement.

Launch of cash-settled IRF will widen the market and provide a better option to market participants to hedge against volatile interest rates, the statement said.

The product will benefit banks, brokerage houses, insurance companies and primary dealers, etc, it said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amit Shah deserved to be crowned President of India, some say

    The Bharatiya Janata Party is now firmly in the hands of Modi’s alter ego, which in plain English means ‘another side of oneself, a second self’

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture