Trading in Currency Options on the Currency Derivatives Segment was launched today. Near month contracts of Rs 45 call and Rs.44.50 put witnessed maximum liquidity and tight bid-ask spreads of 0.25 paise (1 tick). More than 3 lac contracts (about USD 300 million) were traded during the day with an Open Interest of about 95,000 contracts (about USD 95 million). Put call ratio of 2.8 : 1 was observed.
The first trade in the currency options was executed by East India Securities Ltd. About 130 members including State Bank of India, Axis Bank, IDBI Bank, Standard Chartered Bank and IndusInd Bank actively participated in the trading. Amongst the Bank participants Standard Chartered Bank executed the first trade.
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