RBI news - Introduction of Cross-Currency Futures and Exchange Traded Option Contract

#21
Re: RBI news - Introduction of Cross-Currency Futures and Exchange Traded Option Cont

STT = Securities Transaction Tax (applicable to equity trading)
CTT = Commodities Transaction Tax (applicable to commodity trading)

These are "additional" taxes applicable to traders who dabble in equities and commodities respectively. So far, there's no such additional trade-specific tax in currency trading, hence the relative attractiveness of that instrument.
Thanks for the info
 
#22
Re: RBI news - Introduction of Cross-Currency Futures and Exchange Traded Option Cont

Spot Forex trading of these three new pairs allowed or only futures?
 

bpr

Well-Known Member
#25
Re: RBI news - Introduction of Cross-Currency Futures and Exchange Traded Option Cont

Now SEBI notifying the norms
http://www.livemint.com/Money/5XB63...tional-norms-for-crosscurrency-derivativ.html

Also the timing is extended till 7.30 PM.

Hopefully we can have those pairs tradeable soon!
7: 30 PM odd timing US East coast 9AM that means it will barely cover the us market open.

Should have gone all the way to 11:00 PM just like commodities but it is better than nothing I guess.
 

nwo

New Member
#26
Re: RBI news - Introduction of Cross-Currency Futures and Exchange Traded Option Cont

time is big issue. I think it will take 3-4 months to go live.

Looking for good margin now
 
#28
Re: RBI news - Introduction of Cross-Currency Futures and Exchange Traded Option Cont

7: 30 PM odd timing US East coast 9AM that means it will barely cover the us market open.

Should have gone all the way to 11:00 PM just like commodities but it is better than nothing I guess.
True, hope they extend it soon. It's better than 5.30 PM for INR pairs
 
#29
Re: RBI news - Introduction of Cross-Currency Futures and Exchange Traded Option Cont

Hi Guys,

Any news on cross currency futures? Its been 9 months since official launch.
 
#30
Re: RBI news - Introduction of Cross-Currency Futures and Exchange Traded Option Cont

Hi Guys,

Any news on cross currency futures? Its been 9 months since official launch.
its from 19. february 2016
The central bank has already permitted stock exchanges, including NSE and BSE, to offer cross-currency futures contracts and exchange-traded option contracts in three currency pairs. But, exchanges are yet to introduce those pairs as they await final nod for operational clarity.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
 

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