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What is Currency Futures Trading at ICICI Securities Ltd (I-Sec)?

April 26, 2017currency Futures i-sec ICICI securities trading

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What is Currency Futures Trading at ICICI Securities Ltd (I-Sec)?

1 Answer

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As a customer of I-Sec, you can now trade in Currency futures on NSE. You can take buy/sell positions in USDINR currency contracts expiring in different months. If, during the course of the contract life, the exchange rate moves in your favor (rises in case you have a buy position or falls in case you have a sell position), you make a profit. In case the exchange rate movement is adverse, you incur a loss.