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Currency-Trading |
Voguestock has membership of MCX-SX and NSE-CDS for Currency Derivatives Trading and Interest rate future Segment. Currency derivative is one of the latest segments of financial market. It is the largest and most liquid financial market in the world. The average daily volume in the global foreign exchange and related markets is continuously growing. In one year of operation volume rose from Rs. 500 crore to Rs. 20000 crore daily combined for both NSE and MCX-SX. Currency market provides edge for:-
- Exporter/Importers
- Equity and Commodities trader
- Arbitragers
- Bank Treasury
- Money Changer
- Tour and Travel Agents
- Anybody having international currency exposure
PRODUCT OFFERED ARE :
- USDINR – The US dollar
- EURINR – The Euro
- GBPINR – The British pound
- JPYINR – The Japanese yen
Product specification :
| Trading Hours | 9:00 AM to 5:00 PM (Monday to Friday) |
| Contract Size | US$ 1,000; EURO 1,000; GBP 1,000; JPY 1,00,000 |
| Contracts | All months with a maturity duration of 12 months |
| Settlement Mechanism | Cash Settled in Indian Rupee |
| Last Trading Day | 2 working days prior to the last BD of the expiry month |
| Final Settlement Rate | RBI Reference Rate |
| Final Settlement Date | Last working day of month, except Saturday |
