India Launches Trading in Indian Currency Exchanges
Greetings from Alpari Forex
(India) Pvt. Ltd.
First of all, thank you very much for your continued support in this
journey of ours over the last 10 months.
The global FOREX market is on a fast growth trajectory and as per the
industry estimates the daily turnover figures have surged from USD 500
billion in 1988 to USD 4.0 trillion today. Currency trading globally
constitutes over 60% of trading volumes and is the largest market in the
world followed by commodities market and then by the equity market.
After RBI permitted trading in the currency derivatives segment through
the exchanges in India, the average daily trading volumes in Indian
currency market (only exchange traded currency derivatives and excluding
the OTC market operated only by the banks in India) have been constantly
growing. Within its first year of operation, the daily turnover of
exchange traded currency derivatives has already reached around Rs 30,000
As far as the exchange-traded currency derivatives market is concerned,
there was a 30% jump in trading in less than a month's time after
introduction of three new currency futures. Showing the signs of opening
up RBI had earlier permitted for extending the exchange traded currency
pairs from a single pair of USD-INR to the 3 additional currency pairs of
non-dollar contracts. On the day one, the three new currency futures (viz.
EURO-INR, GBP-INR and JPY-INR) close to Rs. 4,000 Crores of turnover on
the above exchanges.
We at Alpari Forex (India) Pvt. Ltd. is glad to announce that we will be
offering trading in Currency Derivatives Segment of Indian exchanges
from 10th of June 2010 and would like to invite you to trade in this
growing market in India.
Few key benefits when you trade with Alpari (India):
1. Association with a leading Global brand and a leading player in online
2. Online as well as offline trading services
3. Comprehensive Research support through Alpari Research, covering
fundamental and technical aspects of currency trading, daily calls through
SMS and emails.
4. Attractive and competitive brokerage rates.
5. Service support from well trained and qualified professionals.
6. Trade in INR denominations.