NSE and BSE will allow trading in EUR-USD, GBP-USD and USD-JPY Cross Currency Derivatives from February 27th. The market timings for new contracts will be from 9 AM to 7.30 PM. The exchanges will also offer options on EUR-INR, GBP-INR and JPY-INR. These option contracts will trade from 9:00 a.m. to 5:00 p.m.
Brief contract specifications
Symbol
EURUSD
GBPUSD
USDJPY
Market Type
N
N
N
Instrument Type
FUTCUR/OPTCUR
FUTCUR/OPTCUR
FUTCUR/OPTCUR
Unit of trading
1 - 1 unit denotes
1 - 1 unit denotes 1000
1 - 1 unit denotes
1000 EUR
1000 GBP
1000 USD
Underlying / Order
The contract would
The contract would be
The contract would
Quotation
be quoted in USD terms. The outstanding positions would be in EURO terms
quoted in USD terms.
be quoted in JPY terms. The outstanding positions would be in USD terms.
The outstanding positions would be in GBP terms.
Tick size
0.0001
0.0001
0.01
For the detailed contract, specifications of cross-currency derivatives check this circular.
For the detailed contract, specifications of EUR-INR, GBP-INR and JPY-INR option contracts check this circular.
Here is a presentation on Cross Currency Derivatives by NSE.
This is very good step for encouraging traders to participate in cross currency trading
In order to encourage active participation in Cross Currency Futures and Options contracts, it has been decided that no transaction charges will be levied on the trades done in Cross Currency Futures and Options contracts in the Currency Derivatives segment of the Exchange from February 27, 2018 till May 31, 2018
traders to participate in cross currency trading
