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| FOREX MARKETS |
World's Biggest Industry in Financial Services
The foreign exchange (currency or FOREX or FX) market refers to the market for currencies. Transactions in this market typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The FX market is the largest and most liquid financial market in the world, and includes trading between large banks, central banks, currency speculators, corporates, governments, and other institutions. This market is best suited for Bank, Companies, Importers, Exporters, Currency hedgers and Retail Traders. |
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| Market Size |
The world’s currency trading (FOREX) market is the biggest and the fastest growing market globally. Its daily turnover is more than 2.5 - 3 trillion dollars, which is far greater than the NASDAQ daily turnover. As such, it has been referred to as the market closest to the ideal perfect competition, notwithstanding market manipulation by central banks.
Just like how markets are places to trade goods, the same goes with FOREX Markets. The FOREX goods are the currencies of various countries which are traded. You buy Euro by paying US dollars, or you buy Dollar by paying INR or you sell Japanese Yens for Canadian dollars. That's it!
Largest globally traded currencies are US $ (86%), Euro (37%), Japanese Yen (16.5%), Pound Sterling (15%), Swiss Franc (6.8%), Australian $ (6.7%), (April 2007 % Daily Share). |
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| Basic Product Design |
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Product |
USD-INR |
Euro-INR |
Pound-INR |
Japanese Yen-INR |
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Lot Size |
1000 Dollars |
1000 Euro |
1000 Pound |
100,000 Yen |
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Quotation |
Rs./ Dollar |
Rs./ Euro |
Rs./ Pound |
Rs./ 100 yen |
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Trading Hours : |
Monday to Friday (9:00 am - 5:00 am) |
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Initial Margin : |
4% - 6% (May vary as per exchange guidelines) |
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Final Settlement Price : |
RBI reference rate on last trading day @ 12 noon |
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Settlement Mode : |
Daily Mark to Market (MTM) on T+1 basis & No delivery - Position cash settled
in INR |
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Tick Size : |
INR 0.0025 |
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Contract Cycle : |
12 monthly contract trading cycle |
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| Benefits Of Hedging Currency Risk Through A Futures Platform |
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Payoff is simple |
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3 in 1 single order screen for buying and selling in BSE/NSE cash and derivatives |
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No counter-party default risk |
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No Import - Export Documents required |
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Trading is allowed without having an underlying. |
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Efficient price discovery due to high liquidity |
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Price Transparency - real time dissemination of prices |
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Access through internet from remote locations - Live, instant, easy and efficient execution |
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| THE SUSHIL ADVANTAGE |
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Vigilant Tracking of the international and domestic markets and up-to-date market commentary. |
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Bouquet of Research Products : Highly skilled Fundamental and Technical reports and analysis, Intraday SMS calls and timely market alerts. Wide range of research products to choose from depending on the type of trader you are. |
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Execution : Convenient, secure and efficient trading in a personalized environment. It is our endeavor to provide a complete range of currency instruments which are traded, to our esteemed clients to suit their preferences and needs of having a well-structured risk management programme. |
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