The United Stock Exchange of India (USE) is looking to increase the number of its trading members from the current 424 to between 600 and 650 in the next one year, The Hindu Business Line reports. The exchange has received 550 membership applications till date. Nearly 441 million contracts were traded on the exchange on September 20. Currently, it has 372 trading members and 52 clearing members registered with the Securities and Exchange Board of India. Ten banks have tied up with the USE for offering clearing and settlement services. The bourse holds a market share of 22 percent in the currency futures segment.
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