NEW DELHI: The Bombay Stock Exchange today expressed optimism that it would become the best bourse in currency futures trade.
    
"It doesn't matter whether you are the first, we are going to be the best," BSE Managing Director and CEO Madhu Kannan told reporters after the launch of a website on public enterprises.
    
BSE, a small player in currency futures trade at present, has already firmed up its strategic plans with United Stock Exchange (USE), a consortium of Indian banks and some  global financial institutions, to make it big.
     
Yesterday, market regulator SEBI had given approval for futures trading vis-vis euro, pound and yen. Rupee is paired against the dollar only now.
    
Kannan said USE's application has already been filed with the Securities and Exchange Board of India (SEBI) and "very soon we would be able to launch the USE platform".
    
"We hope to go live at the earliest and the USE would be the platform through which we will offer trade in currency futures...we will watch the space for developments," he said.
    
Exchange traded currency futures in dollar rupee was started by the National Stock Exchange (NSE) in August 2008 and was later followed by the BSE and MCX-Stock Exchange.
    
Derivatives in currency market recently overtook the cash market in terms of value of daily trade. The currency futures market is almost equally shared by the NSE and the MCX-SX.
    
BSE unveiled a new website - bsepsu.com - with a focus on disinvestments of public sector units. It has details of 76 listed entities including 26 public sector banks.