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    Currency

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    luckyoneme
    NSE and MCX-SX to launch futures trading in three additional currency pairs. EURINR, GBPINR and JPYINR futures contracts will have a 12 month trading cycle. Contracts having the following expiries shall be available for trading.

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    Currency

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    luckyoneme
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    NSE and MCX-SX to launch futures trading in three additional currency pairs. EURINR, GBPINR and JPYINR futures contracts will have a 12 month trading cycle. Contracts having the following expiries shall be available for trading.

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    NSE and MCX-SX to launch futures trading in three additional currency pairs. EURINR, GBPINR and JPYINR futures contracts will have a 12 month trading cycle. Contracts having the following expiries shall be available for trading.

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    5 views3 pages

    Currency

    Uploaded by

    luckyoneme
    NSE and MCX-SX to launch futures trading in three additional currency pairs. EURINR, GBPINR and JPYINR futures contracts will have a 12 month trading cycle. Contracts having the following expiries shall be available for trading.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 3

    This Blog

     
     
     

     
    Linked From Here

     
    The Web

    Saturday 30 January 2010


    Currency Futures-NSE and MCX-SX to launch futures trading
    in 3 new currency pairs-EUR, GBP and JPY-VRK100-
    30012010

    Currency Futures-NSE and MCX-


    SX to launch futures trading in 3
    new currency pairs-EUR, GBP and
    JPY-VRK100-30012010

    Rama Krishna
    Vadlamudi                                       January 30,
    2010
    www.scribd.com/vrk100                                
    vrk_100@yahoo.co.in

    National Stock Exchange of India and MCX Stock


    Exchange will be launching futures trading in three
    additional currency pairs, namely, Euro-Indian
    Rupee, Pound Sterling-INR and Japanese Yen-INR,
    with effect from February 1, 2010. RBI and SEBI
    had on January 19, 2010, permitted the recognised
    stock exchanges to launch futures trading in these
    three additional currency pairs, in addition to US
    dollar-INR which was introduced in August 2008.

    Some important details for all these additional


    currency pairs, as given by NSE circular dated
    January 29, 2010, are:

    1. Contract trading cycle 

    EURINR, GBPINR and JPYINR futures contracts will have a 12 month trading
    cycle. A new contract will be introduced after 12 noon on the last trading day
    of the near month contract.

    2. Expiry day & time

    EURINR, GBPINR and JPYINR futures contracts shall expire at 12 noon, two
    working days prior to the last business day of the expiry month.

    3. Contracts available for trading

    Futures contracts having the following expiries shall be available for trading
    on EURINR, GBPINR and JPYINR. On the expiry of a near month contract, a
    new contract shall be made available so that at any point in time there shall
    be at least 12 monthly contracts available for trading.
    4. Order quotation:

    Currency pair    Method of quotation

    EURINR           Quotation for 1 EUR in Indian rupees


    GBPINR           Quotation for 1 GBP in Indian rupees
    JPYINR            Quotation for 100 JPY in Indian rupees

    5. Permitted lot size

    Currency pair   Permitted lot size per contract

    EURINR          1,000 Euros


    GBPINR          1,000 British Pounds
    JPYINR           1,00,000 Japanese Yen

    (since quotation is for 100 Japanese Yen; lot size on trading system shall be
    1,000 Japanese Yen

    6. Order placement

    Members shall place orders in terms of number of lots.


     

    If you want to know the full details of contract


    specifications and the margin requirements, JUST
    CLICK:
    www.scribd.com/doc/21686968

    or,
    http://ramakrishnavadlamudi.blogspot.com/2010/01/currency-futures-
    market-in-india.html
    Posted by Rama Krishna Vadlamudi at 8:54 AM

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