The main drivers of this strong trading month were the Indian Rupee, G6
currency pairs and the Indian Single Stock Futures (SSF) with the BSE Sensex Futures.
Namazov said that as for new tools, there is an interest in creating
currency pairs with the Azerbaijani manat in the market.
The commission for trading
currency pairs on Prime accounts is less as compared to ECN accounts and equals to 15 USD for the trading volume of 1 million USD.
FX monthly futures will be offered on six
currency pairs where CME Group already offers quarterly futures: AUD, GBP, CAD, EUR, JPY and EUR/GBP.
Promoth Manghat, chief executive officer of UAE Exchange Group, noted that the most popular and major
currency pairs are the euro/US dollar, US dollar/Japanese yen, and the British pound/US dollar.
The Reserve Bank of India has issued guidelines for introduction of cross currency futures and exchange traded cross currency option contracts in the
currency pairs of Euro (EUR)-US Dollar (USD), Pound Sterling (GBP)-USD and USD- Japanese Yen (JPY).
FXTM provides access to the global currency market and offers trading in more than 68
currency pairs, as well as Gold, Silver, Share CFDs, ETF CFDs and CFDs on Commodity Futures.
Barclays iAlert allows clients to monitor up to 75
currency pairs, and receive email alerts when their pre-selected
currency pairs reach the upper and/or lower levels set by them.
If traders are already tracking market fundamentals and environmentals they will find these factors influence
currency pairs in the same way, " he says.
There are dozens of
currency pairs to choose from with most platforms offering about 60 pairs.
FX eTrader offers spot, forwards and swaps, and supports 57 streaming
currency pairs, 20 indicative emerging markets
currency pairs and 600 pairs in total.
o Middle East Forex trading volumes continue to grow during Q1 2009 o Carry trade remains out of favour with investorso "Big three"
currency pairs back in vogue as valuation trading takes precedence
