United Stock Exchange of India
Registered stock exchange with securities and exchange board of India for offerring currency derivatives
United Stock Exchange of India Limited, also known as the United Stock Exchange (USE), is an Indian government owned stock exchange. It is the 4th pan-India exchange launched for trading financial instruments in India. USE represents the commitment of 21 Indian public sector banks, private banks, international banks and corporate houses to build an institution of repute. Mr. Gaurav Arora and Jaypee Capital were the founders and main promoters of the exchange.
Public Sector Banks that are stakeholders of USE include Allahabad Bank, Corporation Bank, Punjab National Bank, Andhra Bank, Dena Bank, State Bank of India, Bank of Baroda, IDBI Bank, Syndicate Bank, Bank of India, Indian Bank, UCO Bank, Bank of Maharashtra, Indian Overseas Bank, Union Bank of India, Canara Bank, Oriental Bank of Commerce, United Bank of India, Central Bank of India, Punjab and Sind Bank, Vijaya Bank.
Private Sector Banks like Axis Bank, Yes Bank, Federal Bank, J & K Bank, HDFC Bank and ICICI Bank are also stakeholders in USE. Corporate Institutions such as MMTC and India Potash are also associated with United Stock Exchange.
USE launched its operations on 20 Sept 2010. On the first day of operations, USE cornered 52 percent market share and created a record of highest volumes traded in currency futures in a single day.
Products and services
USE began operations in the future contracts in each of the following currency pairs:
United States Dollar-Indian Rupee (USD-INR)
Euro-Indian Rupee (EUR-INR)
Pound Sterling-Indian Rupee (GBP-INR)
Japanese Yen-Indian Rupee (JPY-INR)
There would be 12 contracts i.e.
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Named sources, stable identifiers and responsible institutions provide the strongest route from overview to verifiable evidence. The source revision retrieved here is dated Jun 18, 2025. The linked authority identifier is Q7893570. Authority coordinates are 19.060, 72.860. 2 of 2 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 2010.
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This entry incorporates text from “United Stock Exchange of India” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.