Like stocks and commodities, currencies have futures Contracts
that allow you to buy or sell the underlying currency, at
a fixed price, at a future date. You can execute contracts
to buy or sell the US$ for Indian Rupees, at a future date.
These contracts are the derivatives of the Currency Market.
How
can you gain by trading in currencies? Speculation :
Currency trading allows you to Speculate in currencies
to make money out of your understanding of the market
trends.
Hedging
: Mitigate financial risks in exports through
Hedging.
Arbitrage
: Make risk free money through Arbitrage trading.
Offered as pairs, Currency Trading is available for INR-US$
as of now, with the INR-Euro and INR-Yen expected soon
to follow.
The Currency Derivatives market in India offers futures
contract to trade, that lays bundle of opportunities for
a number of players. It gives immense trading opportunity
because of its volatility and multiplicity.
It
gives the hedging opportunity for Importers and Exporters.
It is a new class for diversification of investment of
all resident Indians.
Trading
Specifications :
| Lot
Size |
1000
USD |
| Tick
Size |
INR
0.0025 |
| Trading
Hours |
Monday
to Friday 9.00 a.m to 5.00 p.m. |
| Position
Limits |
Higher
of 6% of total open interest or USD 10 Million |
| Calendar
Spreads |
Minimum
Rs 250 per contract |
| Margin
Settlement |
Daily
Settlement : T+1 |
| Mode
of Settlement |
Cash
Settled in Indian Rupees |
| Daily
Settlement Price |
Calculated
on the basis of last 30 mins (weighted average price) |
| Final
Settlement Price |
RBI
Reference Rate |
Benefits
of Currency Trading at M.P Vora Shares & Securities
:
1.
Multiple markets for Trading :
We give you single-point access to all the recognized
currency exchanges in India, viz. NSE, BSE and MCX-SX.
2. Affordable for small Investors :
The minimum lot size for currency trading is just US$
1,000 making it accessible to even retail investors and
traders.
3.
Eliminate Business Losses :
Hedging
lets you eliminate losses arising from international business
due to fluctuations in the Indian Rupee.
4. Minimum Risk :
All contracts are guaranteed by the Clearing Corporation,
completely eliminating the non-performance risks.
5.
Low Brokerage :
Trading with M.P Vora Shares & Securities gives you
the advantage of low brokerage, helping you maximize profits.
6.
Limited Loss Accumulation :
The profit/loss settlement is done everyday, minimizing
the scope for accumulation of losses.
