ASE Capital to launch currency derivative futures in April

ASE Capital Markets Ltd (ACML), a subsidiary company of Ahmedabad Stock Exchange Ltd (ASEL), hopes to start currency derivatives futures (CDF) and interest rate futures (IRF) in April this year.

ACML expects 25 to 30 per cent rise in its daily turnover after the launch of these products. At present, it has a turnover of Rs 100-125 crore per day.

ACML has the approval of Securities and Exchange Board of India (SEBI) launching currency derivative futures and interest rate future on NSE and currency derivatives futures on MCX platforms. The company at present provides trading facilities in BSE-cash and F&O, NSE-cash and F&O to Gujarat-based investors.

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