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International Journal of Trade & Commerce-IIARTC
Impact Factor (IF):5.135 (COSMOS), IF:7.249 (ISRA), IF:3.721 (ISI)
ISSN:2277-5811 (P), ISSN:2278-9065 (O)
Frequency: Half Yearly
Foreign Exchange Trading: An Analysis on Currency Future Trading in India
Foreign Exchange trading in India has marked new land mark in India with the introduction currency future trading in the Indian Stock Exchanges of National Stock Exchange of India (NSE), Multi Commodity Stock Exchange for Currency (MCCX-SX) and United Stock Exchange of India (USE). Just after the launch of currency derivative in NSE on 28th August 2008, the volume of trading has increased many folds due the participation of small traders to large traders in export business. Currently future trading is noted to be a land mark history in India. This paper discuss the system of trading in the stock exchanges, and opportunities which has turn out to be a beneficial for the forex traders in the foreign trade.
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Author: P. Sivarajadhanavel* and S. Chandrakumarmangalam
Abstract:Foreign Exchange trading in India has marked new land mark in India with the introduction currency future trading in the Indian Stock Exchanges of National Stock Exchange of India (NSE), Multi Commodity Stock Exchange for Currency (MCCX-SX) and United Stock Exchange of India (USE). Just after the launch of currency derivative in NSE on 28th August 2008, the volume of trading has increased many folds due the participation of small traders to large traders in export business. Currently future trading is noted to be a land mark history in India. This paper discuss the system of trading in the stock exchanges, and opportunities which has turn out to be a beneficial for the forex traders in the foreign trade.
Keywords:Currency Future, Derivative, Trading, Market Exposure, Exchange Rate
DOI:
International Journal of Trade & Commerce (Vol: 2 Issue:2)
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