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| Edited By: |Source: PTI |Updated: Mar 18, 2018, 02:53 AM IST
United Stock Exchange (USE) engaged in currency futures and currency options trading today said it has reached 27% of total market share.
In the currency futures market, the National Stock Exchange, the MCX-SX and the United Stock Exchange are the active players.
"Our market share has touched 27% today with a trading volume of Rs10,200-crore, which is highest in the last six-months period. The average market share of the exchange was around 18-20% and average daily volumes per day was around Rs8000-10000 crore," USE's president, Saurav Arora told PTI here.
IDBI bank has recently become active with decent volume on United Stock Exchange, Arora said.
United Stock Exchange has permission for trading in currency options and is witnessing good participation from the market with average volumes of Rs500 crore, he said
Nearly 27 banks are actively participating. 529 members have shown interest out of which 350 plus members SEBI registered.
21 PSU banks are stakeholders in the exchange including SBI. The six private sector banks including HDFC, ICICI, Standard Chartered have recently picked up 3% stake in the exchange.
