EUR-USD, GBP-USD and USD-JPY Cross Currency Derivatives to start trading from February 27th

[vidursaini]

Not seeing cross-currency pairs in Kite Dashboard

We haven’t yet enabled trading in cross currency. There are some settlement issues around this. MTM is done based on RBI daily reference rate for USDINR which is announced at 12 noon. But market trades till 7pm, when USDINR could have changed. Risk for us as a brokerage firm. Also there are trade process issues. Currently only prop trading firms are taking part. Hopefully exchange clarifies on the working and we will be able to offer this.

They are still working on it and are waiting for a clarification from the exchanges. We should respect their risk in allowing cross-currency trading as a brokerage