ALEX Salmond is looking increasingly isolated in the argument over our
currency future.
The data used in this paper consists of daily closing rates of INR-Dollar spot, domestic forward, NDF and exchange traded
currency future contract on the National Stock Exchange of India (NSE), for which near month June 2009 contract's closing prices are taken.
Total net gain from foreign
currency future operations was $1,030,959 for the three months ended July 31, 2008 as compared to a net gain from foreign
currency future operations of $1,126,058 for the quarter ended July 31, 2007.
DBV will offer investors access to the Deutsche Bank G10
Currency Future Harvest Index(TM), which is designed to capitalize on the trend that currencies associated with high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates.
Stater's wholly-owned subsidiary, Stater Global Markets, is a Financial Conduct Authority, or FCA, regulated brokerage that facilitates market access across multiple instruments including spot FX, digital
currency futures and contracts for difference, or CFDs.
It trades short-term treasury bonds, common stocks(primarily from former state-owned enterprises that have been privatized, including food and beverage, construction and banking companies), and foreign
currency futures.
The Reserve Bank of India today issued guidelines permitting standalone Primary Dealers (PDs) to participate in the exchange traded
currency futures on approved stock exchanges subject to adherence to certain risk control measures and without diluting their existing obligations in the G-sec market.
We have had a promising start to the year, particularly with the performance of some of the exchange's more recent contracts such as the two new pairs of Mini Indian Rupee Cross
Currency Futures and MSCI Futures, Gaurang Desai, interim chief executive officer, DGCX.
Gaurang Desai, Interim CEO of DGCX said: "We have had a promising start to the year, particularly with the performance of some of the Exchange's more recent contracts such as the two new pairs of Mini Indian Rupee Cross
Currency Futures and MSCI Futures.
Thus businessmen, African firms, banks and financial institutions and the investor fraternity who have exposure to forex risk desperately need proper hedging instruments, such as
currency futures.
In the pipeline are three new
currency futures including South African Rand, Russian Rouble and the Korean Won, all of which are set for launch in Q3.
These can be done through the use of
currency futures, forwards, options or even currency ETF.
