United Stock Exchange of India

The United Stock Exchange of India (USE) is one of the main stock exchanges in India. It aims to become the most preferred stock exchange in the country, providing a range of sophisticated financial instruments for diverse market participants to trade on and manage their risks efficiently.

The USE partners are some of India’s largest and most prestigious financial and business institutions, including: Allahabad Bank, Corporation Bank, Punjab National Bank, Andhra Bank, Dena Bank, State Bank of India, Bank of Baroda, IDBI Bank, Syndicate Bank, UCO Bank, Union Bank of India, Canara Bank, Oriental Bank of Commerce, United Bank of India, etc.

USE also boasts of Bombay Stock Exchange (BSE), as a strategic partner. BSE is Asia’s oldest stock exchange, with expertise in exchange technology, clearing and settlement, regulatory structure and governance. Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, provides end to end clearing and risk management services to the United Stock Exchange of India.

USE began operations in future contracts in the following currency pairs: USD-INR, EUR-INR, GBP-INR and JPY-INR. In addition to normal futures contracts, calendar spread futures contracts are also available for trading on the exchange. Trading on USE takes place on a nationwide electronic trading platform that can be accessed from dedicated terminals at locations of the members of the exchange. Market participants can close their positions by squaring-off at any time during the life of the contract by taking an opposite position in the same contract. Any Resident Indian or Company can become a member on USE and trade in the currency futures market.

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