Market makers dominate early ETCF trading

Sunny Verma
Posted: Thursday, Sep 04, 2008 at 0130 hrs IST
Updated: Thursday, Sep 04, 2008 at 0130 hrs IST

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New Delhi, Sep 3: independent forex & treasury management consultant. Apart from price volatility, commodity market participants face currency value risk, which can be hedged using ETCFs. The Multi-Commodity Exchange and Bombay Stock Exchange are also slated to launch currency futures trading.

“Forward market regulations permit participants to hedge their risk up to the amount of their foreign currency exposure. But in currency futures there is no exposure limit, which makes it a lot more attractive for traders and speculators to get in,” said a derivatives expert. Rajwade pointed out that Indian rupee currency futures failed to take off in Dubai, whereas non-deliverable forwards are thriving in Singapore. ...

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