Overview

Exchange-traded currency futures have arrived in India through a joint-directive of RBI and SEBI. MCX the country’s leading commodity exchange has taken initiative to offer currency futures through its subsidiary – MCX Stock Exchange Limited (MCX SE).

MCX SE platform would be ideal for individuals, corporate, banks, exporters, importers and others to hedge against exchange rate fluctuation. It would feature a state of the art nationwide trading platform with counterparty guarantee, transparency and operational efficiency.

MCX SE would commence operations with financially settled futures contract of USD-INR and more currency pairs will be introduced in due course with prior regulatory approval.