USE - United Stock Exchange

USE Overview
United Stock Exchange

A United Endeavor From India’s Most Trusted Institutions

United Stock Exchange, India’s newest stock exchange, marks the beginning of a new chapter in the development of Indian financial markets. It is the fourth pan India exchange to be launched for trading financial instruments in India over the last 140 years

USE represents the commitment of ALL 21 Indian public sector banks, respected private bands and corporate houses to build an institution that is on its way to becoming an enduring symbol of India’s modern financial markets.

Sophisticated financial products such as currency and interest rate derivatives are exciting introductions to Indian markets and hold immense opportunities for business and trading institutions alike. Consequently, USE’s strong bank promoter base allows a build-up of highly liquid market place for these products. It also provides the necessary expertise to reach out to Indian business and individuals, educate them on the benefits of these markets and facilitate easy access to them.

USE also boasts of Bombay Stock Exchange, as a strategic partner. As Asia’s oldest stock exchange, BSE lends decades of unparalleled expertise in exchange technology, clearing & settlement, regulatory structure and governance. Leveraging the collective experience of its founding partners, USE has developed a trustworthy and state of the art platform that provides a truly world class trading experience.

In the years to come, USE aims to become India’s most preferred stock exchange, providing a range of sophisticated financial instruments for diverse market participants to trade on and manager their risks efficiently.

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Why trade on USE?

Why trade on USE?
26 public and private sector banks have joined hands along with other major liquidity providers in the derivatives market to build this institution.
USE reflects the high standards and best practices of quality and integrity of its shareholder partners. This ensures a safe and reliable environment for its members to manage their risks and seamlessly settle their trades.

Enhanced Liquidity
With 21 PSU banks, 5 Private Sector banks and 3 corporate institutions as shareholders, USE has a unique advantage helping it to build a liquid platform.

Diversity of Participants
USE leverages the collective customer base of its shareholders to ensure that a broad range of market participants, located across India ranging from banks and big corporations to small enterprises and individual traders, trade on the exchange.

Cutting-edge Technology and Trustworthy Clearing Services
Bombay Stock Exchange, a part of the USE shareholder base, brings decades of experience in exchange technology, compliance, risk management, clearing and settlement.

Training and Knowledge
Currency and Interest rate derivatives present a unique opportunity that can potentially change the business landscape in India. However, it is also one of the least understood. Recognizing this need, USE has initiated a knowledge center through which it aims to educate Indian business and traders about the benefits of derivatives and trading.

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USE provides opportunities to..

Trading on USE provides opportunities for all classes of market participants
- Banks
1. USE provides a highly liquid platform resulting in lower impact costs for large positions.
2. Banks are the only entities that can easily straddle across different markets (forward, NDF and other exchanges). Membership on USE will help banks take advantage of arbitrage opportunities across these markets.
3. Tremendous opportunity for banks to offer clients new products bases on currency futures. Currency futures as an asset class will also be attractive to clients without underlying exposure.

- Corporate Entities
1. Transparency in quotes
2. Complete anonymity of trades guaranteed and it is not trades guaranteed and it is not required to disclose underlying exposure to trade on this market.
3. USE is committed to education and training businesses to trade and hedge effectively on the future market

- Brokers
1. Highly liquid platform resulting in lower impact costs for large positions and increased order flow at the client level
2. User friendly platform and customizable trading front end
3. Low terminal setup costs due to strategic alliance with BSE

United Stock Exchange – Backbone
When it comes to pedigree, few institutions can match United Stock Exchange. The USE partners are some of India’s largest and most-reputed financial and business institutions.

USE leverages the financial strength, business acumen and impeccable integrity standards of these institutions to bring opportunities, liquidity, world-class systems and a platform of trust for its clientele.

Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharastra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
IDBI Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab and Sind Bank
Punjab National Bank
State Bank of India
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank

Private Sector Banks
Axis Bank
Federal Bank
HDFC Bank
ICICI Bank
J&K Bank

Trading Firms and other Corporate Institutions
Indian Potash
Jaypee Capital Services
MMTC

Exchange
Bombay Stock Exchange

Courtesy : USE

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