Currency

Currency futures are standardized foreign exchange derivative contracts traded on a stock exchange to buy or sell one currency against another on a specified future date, at a price specified on the date of contract, but does not include a forward contract.

The Currency Derivatives trading system of NSE, called NEAT-CDS (National Exchange for Automated Trading – Currency Derivatives Segment) trading System, provides a fully automated screen-based trading for currency futures on a nationwide basis as well as an online monitoring and surveillance Mechanism. It supports an order driven market and provides complete Transparency of trading operations. The online trading system is similar to that of trading of equity derivatives in the Futures & Options (F&O) segment of NSE.

Devoid of jargon, currency derivatives can be described as contracts between the sellers and buyers, whose values are to be derived from the underlying assets, the currency amounts. These are basically risk management tools in forex and money markets used for hedging risks and act as insurance against unforeseen and unpredictable currency and interest rate movements. Any individual or corporate expecting to receive or pay certain amounts in foreign currencies at future date can use these products to opt for a fixed rate – at which the currencies can be exchanged now itself. Risks arising out of borrowings, in foreign currency, due to currency rate and interest rate movements can be contained. If receivables or payments or expenditure are denominated or to be incurred in multiple currencies, derivatives can be used for matching the inflows and outflows.

We are members of NSE & MCX-SX for currency trading.

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