Sebi fines Todi Securities Rs 1.1 cr for 'violating norms'

Markets regulator Sebi on Wednesday imposed a fine of Rs 1.1 crore on Todi Securities for allegedly indulging in fraudulent trade in the currency derivatives segment at United Stock Exchange (USE) as well as violating broker norms.

BSE expects to complete United Stock Exchange deal in 9 months

Leading bourse BSE expects to complete the acquisition of United Stock Exchange in the next 8-9 months, a time period during which regulatory as well as shareholders' approvals are likely to be in place.

BSE in preliminary talks for acquiring United Stock Exchange

The loss-making United Stock Exchange (USE) is trading only in currency futures.

Currency derivatives turnover up 13% on NSE, MCX-SX in Jan

Total currency derivatives turnover of the two bourses stood at Rs 2.73 lakh crore in December, 2013.

BSE to launch currency, interest rate derivatives

BSE will become the fourth player in currency derivatives in India, after the National Stock Exchange, the MCX Stock Exchange and United Stock Exchange, in which BSE has a 15 percent stake.

Narayanasami quits as USE chief

United Stock Exchange Chief T S Narayanasami has quit as Managing Director of the country's newest bourse, just over a year after it commenced operations.