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Currency Futures
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Currently in India, futures contracts of 4 currencies are traded against the Indian Rupee (INR). US Dollar Indian Rupee (USD INR) currency futures were the first to be introduced in Aug 2008 and have seen a 1500% burst in volume growth in this period.
On Feb 1, 2010 the trading of Euro (€) Rupee (EUR INR), Pound Sterling (£) Rupee (GBP INR) and Yen (¥) Rupee (YEN INR) was introduced in India. As in the case of USD INR, trading happens on 2 exchanges – NSE and MCX-SX.
Unicon offers clients the opportunity to trade these products, either in online or offline mode as per their needs. The products provide ample liquidity to function both as a speculative tool and as a hedging instrument for exporters and importers. The attractive features of the product are as follows:
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Unlike currency forwards offered by banks, currency futures trading does not have to be backed by an underlying merchant transaction exposure
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Tight bid ask spreads; usually 0.25 paisa wide
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Margin requirements less than 5% to take exposure on a lot size of $1000, €1000, £1000 and ¥1,00,000 respectively
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New asset class for diversification for all resident individuals
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Commodity traders can hedge against unfavourable movements since gold, crude etc.
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For exporters and importers, no credit line required from
their Banker as is the case with forwards
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Ideal tool for those with smaller exposures, as in the case
of travel needs, educational payments etc.
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Unicon Advantage
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Online & Offline trading facility on all the bourses
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Exclusive daily commentary and research reports by our Currency
analyst team
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Regular updates on Dollar INR movement with calls to buy and
sell
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Special consultancy to Exporters, Importers & Corporate for
their Forex transactions
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Receive education on the product through seminars/con-calls
organized by Unicon
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Your Cash Margin with Unicon Securities can be used for either segment – Equity or Currency.
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Other awaited products
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Currency options are also expected to be added to the basket
of products soon.
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Click Here to
register |
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