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Currency Trading
CURRENCY FUTURE

Shriam Group has always believed in addition of new products as an when introduced in the Market. It has started providing Currency derivative trading platform to all its clients right from day one, when it was first started by NSE on 29th August 2008.

Shriam Group through its group companies has taken membership of all the three prominent Currency derivative exchanges in India namely:

NSE
BSE
MCX-SX

The main feature of trading in Currency Derivatives are as follows :

1) Market timings: 9.00 A.M. to 5.00 P.M. Monday to Friday

2) Trading : US$-INR (initially) Bid/Offer will be 4 decimal point e.g. Rs. 43.2345

3) Market Lot : 1000 USD

4) Tick size : Rs.0.0025

5) Contract Cycle : 12 - month trading cycle.

6) Base Price : Calculated on the basis of last half-hour weighted average price

7) Price Operating Range : +/- 3% of base price -- Tenure upto 6 months +/- 5% of base price -- Tenure greater than 6 months

8) Minimum Initial Margin : Approx. margin will be around 3%.

9) Last Trading day : Two working days prior to the last business day of the expiry month.

10) Final Settlement Price : Final Settlement Price for a future contract shall be the RBI Reference Rate on the last trading day of such future contract. The expiry day will be announced by the Exchange at the opening of every new contract.

11) Expiry date : The monthly expiry date will be 2 working days before last working days of month . There will be 12 months contract available for trading. The contract will expire at 12 noon on expiry day.

12) Daily Pay-in/Pay-out settlement : T+1 day

To know more about currency derivatives please contact us on info@shriamonline.com

BSE CM : INB 011229938
BSE FO: INF 011229938
NSE CM : INB 231229932
NSE FO : INF 231229932
NSE CURRENCY : INE 231229932
NCDEX MEMBERSHIP CODE : 00312
NCDEX FMC REGN : NCDEX/TCM/PART/0063
MCX FMC REGN : MCX/TCM/PART/1191
MCX MEMBERSHIP CODE : 31995
MCX SEBI REG NO : INE 261229932
MCX CURRENCY MEMBERSHIP CODE : 17600
ICEX : 1011
CDSL DP NO : 12044900
CDSL : IN-DP-CDSL-350-2006
ARN NO : 78125
SEBI Registration no. of USE : INE271229937
SEBI Registration no. of BSE Currency : INE011229938
FMC Reg. no. of ACE : ACEL/TCM/PART/0265
Member Code of ACE : 6096
 
   
 
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