Home > Alpari India Launches Trading in Indian Currency Exchanges

Alpari 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 crore.

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 currency trading.
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.

Source : alpariforexindiapl@jobs4ncr.com

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