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Our Bureau

Mumbai, Nov. 12 On Tuesday, MCX-SX, the currency exchange floated by Financial Technologies and the Multi Commodity Exchange, has overtaken the currency derivative turnover on the National Stock Exchange.

MCX-SX registered a total turnover of Rs 786 crore while NSE clocked Rs 707 crore.

The open interest on MCX-SX was at 60,266 against 51,366 registered on Monday, with 164,119 contracts (85,316) traded.

NSE registered a total volume of 147,440 contracts (107,381) and open interest of 137,884 (142,054).

BSE currency derivatives recorded a turnover of Rs 32 lakh (Rs 2.64 crore) on Tuesday. Total volume was 67 contracts (554) and open interest 992 (955).

MCX-SX completed a month of operation on October 6, averaging a daily turnover of Rs 349.38 crore and volume of 71,242 contracts.

Banks accounted for over 25 per cent of the total volume at the exchange, the MCX-SX said. The first contract on MCX-SX expired on October 27.About 133 active members participated in the trading during the first month of operation.

MCX-SX received 875 applications that include 17 banks at the time of launch.

More Stories on : Derivatives Markets | Forex

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