ICICIdirect Executive Thank you for the query. We would like to inform you that trade can be done in the currency segment through currency derivatives.
The term Derivatives indicates it derives its value from some underlying i.e. it has no independent value. Underlying can be securities, stock market index, commodities, bullion, currency or anything else. From Currency Derivatives market point of view, underlying would be the Currency Exchange rate. Derivatives are a unique product, which helps in hedging the portfolio against the future risk. At the same time, derivatives are used constructively for arbitrage and speculation too.
ICICI Direct offers you a simple and convenient way to trade and hedge your currency risk in four pair of Currencies- Dollar, Euro, Pound and Japanese Yen against Indian Rupee.
Few Advantages of this market are :
> Trading hours of 09:00 am to 05:00 pm provide more trading opportunities
> Trade in prominent currencies like US Dollar, EURO, Pound, Yen against Indian Rupee
> No Counterparty Default risk due to settlement guarantee by regulated clearing house
> Low Taxation (No STT and CTT)
> Daily Cash Settlement in INR via MTM (Mark to Market)
ICICIdirect Executive Thank you for the query. We would like to inform you that trade can be done in the currency segment through currency derivatives.
The term Derivatives indicates it derives its value from some underlying i.e. it has no independent value. Underlying can be securities, stock market index, commodities, bullion, currency or anything else. From Currency Derivatives market point of view, underlying would be the Currency Exchange rate. Derivatives are a unique product, which helps in hedging the portfolio against the future risk. At the same time, derivatives are used constructively for arbitrage and speculation too.
Log into your account > Trade & Invest > Currency > Trading Recommendation.
11:22am 30-Oct-2019