
Currency Futures is a standardised foreign exchange derivative contract traded on a recognized stock exchange to buy or sell one currency against another on a specified future date, at a price specified on the date of contract, but does not include a forward contract.
Currency Futures are permitted in US Dollar – Indian Rupee (USD INR), Euro – Rupee (EUR INR), Great Britain Pound – Indian Rupee (GBP INR) and Japanese Yen – Indian Rupee (JPY INR). Currency Futures can be traded through MCX SX, NSE and USE.
Foreign exchange (FX) options are contracts that give the buyer the right, but not the obligation, to buy or sell one currency against the other, at a predetermined price and on or before a predetermined date.
The buyer of a call (put) FX option has the right to buy (sell) a currency against another at a specified rate. If this right can only be exercised on a specific date, the option is said to be European, whereas if the option can be exercised on any date till a specific date, the option is said to be American. Currently only USD INR options are permitted for trading in India and the clients can trade currency options through NSE and USE.
Trade in products offered by Alpari (UK) and Alpari (US).Trade in Equities, Commodities and Futures through Alpari (UK) and Alpari (US).
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