In Brief, April 26, 2010

USE gets final regulatory approval
The United Stock Exchange of India (USE) has received final approval from the Securities and Exchange Board of India (Sebi) to list four currency futures. The Mumbai-based exchange will add futures in USD/INR, EUR/INR, GBP/INR and JPY/INR.

Following Sebi approval, the USE has vigorously launched its membership drive and more than 150 members have already submitted their applications. Most members of the Bombay Stock Exchange (BSL) are expected to join the USE

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