Can anyone help me to understand the following statement or provide any reference:
“The spread difference in April contracts in DINRI is at a premium of 8 ticks than DINR approximately”.
I believe DINRI is currency contract traded on Dubai exchange, it is on INR and USD.
It means April future contract is trading at a premium of 8 ticks to spot. Premium means higher, discount means lower.
Can check varsity here which talks about spreads.