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Currency Derivatives

Currency Derivatives

Currency Derivatives

Trading

A Futures Contract is an agreement between two parties to buy or sell a specified quantity of an underlying currency on a specified future date at a price agreed between them at the time of entering into the contract. The Exchange offers trading in currency futures and options contracts on following currency pairs: USD-INR, EUR-INR, GBP-INR and JPY-INR.

Current Market Reports

Bhavcopy file (csv)Market Activity RepoAll Daily Data

About Currency Derivatives

The Exchange launched currency futures trading platform in August 2008, when it offered trading facilities in USDINR contracts to market participants.

Products Specification

Initially, the Exchange launched USD-INR, EUR-INR, GBP-INR and JPY-INR futures. Currently, the Exchange also offers option contract having three (3) serial month contracts followed by three (3) quarterly contracts.

How it works

  • Trading in currency derivatives takes place on all trading days as notified by the Exchange, subject to holiday declarations.
  • Orders are entered through the Exchange trading system by members on behalf of their clients or for proprietary trades.
  • Currency futures and options contracts are cash settled in Indian Rupees as per the settlement price determined by the Exchange.
  • Settlement obligations are settled through the clearing and settlement mechanism of the clearing corporation.
  • Members are required to collect and deposit margins as per the margin framework applicable to the currency derivatives segment.
  • Position limits are applicable at client, member and market levels as prescribed by the Exchange and SEBI.
  • All trades are reported to the Exchange and clearing corporation in accordance with regulatory requirements.
  • Members must ensure compliance with KYC, risk management and reporting requirements for clients trading in currency derivatives.
  • Dispute resolution and grievance redressal mechanisms of the Exchange are applicable to trades in this segment.
  • For the latest operational guidelines, members should refer to circulars and notices issued by the Exchange.
Currency Derivatives | MSE India