Exchange-traded platform soon

Mumbai, Nov 28 | Updated: Nov 29 2006, 08:33am hrs
In a move to develop the futures market in foreign exchange trading, Foreign Exchange Dealers Association of India (FEDAI) is planning to roll out an exchange traded platform for the futures market. PK Pain, chief executive officer, FEDAI said, A group has been set up to study the development of futures market in India. We are in discussions with few agencies to develop an exchange traded futures market. An exchange traded platform for futures market is expected to facilitate trading in smaller lots and will lead to better price discovery.