MCX SX

MCX-SX is the first stock exchange in India to launch pioneering market development initiatives and join hands with India’s reputed industry & trade bodies and educational institutions to conduct awareness and financial literacy programmes for financial literacy and financial inclusion.

 
Why Trade
HEDGING : Hedge means “to minimize loss or risk”. It means taking a position in the futures market that is opposite to a position in the physical market with a view to reduce or limit risk associated with unpredictable changes in the exchange rate.

ARBITRAGE : It means locking in a profit by simultaneously entering into transactions in two or more markets where there is price differential of the same underlying. If the relation between forward prices and futures price differs, it gives rise to arbitrage opportunities. If there is price differential between two exchanges, it gives rise to arbitrage opportunities.

FINANCIAL LEVERAGE : By putting an upfront margin of (say) 5%, a client can trade in currency futures. Thereby, leveraging his capital.

CASH SETTLED : No requirement of an underlying to trade in currency futures.

Minimal cost of trading : Fees for corporate clients and individual clients tailored to suit their requirements.
         – (Govt. /Exchange taxes, charges, levies extra, as applicable)
 
Product Specification
  USD-INR EUR-INR GBP-INR JPY-INR
Underlying US Dollar - Indian Rupee EURO - Indian Rupee Pound Sterling - Indian Rupee Japanese Yen – Indian Rupee
Market Timing 9 a.m. to 5 p.m.
Size of the contract USD 1,000 EUR 1,000 GBP 1,000 JPY 100,000
(since quotation is for 100 Japanese YEN; lot size on trading system shall be 1000 JPY)
Available contracts All monthly maturities from 1 to 12 months would be made available
Settlement The contract would be settled in cash in Indian Rupee
Settlement price RBI Reference Rate
Final settlement day The contract would expire on the last working day (excluding Saturdays)
         
© Copyright 2011, Nariman Point Finance Ltd.
Website Design By Om Sai Infotech