Re: RBI news - Introduction of Cross-Currency Futures and Exchange Traded Option Cont
I'm expecting these new pairs to be available for trading in the next few months (new financial year). So far, only notifications to the effect have been issued by RBI in December. Actual trade flow, systems and guidelines have still to be set up by the exchanges before being passed on to the brokers. This kind of systems implementation will take 3-6 months.
I'm particularly keen on GBP/USD trading because of good volatility. It will be even more interesting if they increase timings to 11.30pm in line with international markets.
I'm expecting these new pairs to be available for trading in the next few months (new financial year). So far, only notifications to the effect have been issued by RBI in December. Actual trade flow, systems and guidelines have still to be set up by the exchanges before being passed on to the brokers. This kind of systems implementation will take 3-6 months.
I'm particularly keen on GBP/USD trading because of good volatility. It will be even more interesting if they increase timings to 11.30pm in line with international markets.