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Why should one take this course?

  • To understand the fundamentals of the currency market.
  • To understand the currency futures as a risk management tool.
  • To learn about the trading platform of the currency derivatives segment of a stock exchange.

Who will benefit from this course?

  • Students
  • Teachers
  • Bankers
  • Corporate Executives
  • Employees of Export/Import Houses
  • Analysts
  • Employees of Brokers and Sub-brokers
  • Anybody having interest in the Indian Securities Market

 

Currency Derivatives Syllabus

 

Derivatives as a Risk Management Tool

Concept of risk; Risk management; Types of traders in the derivatives markets

Currency Markets

Exchange rate; Fixed and floating exchange rate regime; Factors affecting exchange rates Concept of quotes; Tick-size Spreads; Spot transaction and forward transaction

Currency Futures

Forward contracts; Futures contracts; Pricing of futures contracts

Strategies using Currency Futures

Hedging, speculation, and arbitrage in currency futures

NSE’s Currency Derivatives Segment

Product definition; Trading underlying versus trading futures; Uses of currency futures at NSE

Trading, Clearing, Settlement and Risk Management

Membership; Future contract specifications; Trading system; The trader workstation; Basis of trading; Client-Broker relationship in derivatives segment; Clearing entities; Position limits; Margins; Settlement of contracts.