Currency
World's Biggest Industry in Financial Services The foreign exchange (Currency or
FOREX or FX) market refers to the market for currency trading. Transactions in this
market typically involve one party purchasing a quantity of one currency in exchange
for paying a quantity of another. The FX market is the largest and most liquid financial
market in the world, and includes currency trading between large banks, central
banks, currency speculators, corporates, governments, and other institutions. The
market is best suited for Banks, Companies, Importers, Exporters, Currency hedgers
and Retail Traders.
Market Size
The world’s currency trading (FOREX Trading) market is the biggest and the fastest
growing financial market globally. The daily turnover is more than 2.5 - 3 trillion
dollars, which far exceeds the NASDAQ financial market’s daily turnover. As such,
it has been referred to as the financial market closest for the ideal competition,
notwithstanding market manipulation by central banks. Just like how markets are
places to trade goods, similar is the case with FOREX financial markets. The FOREX
goods are the currencies of various countries which are traded. You buy Euro by
paying US dollars, buy Dollar by paying INR or sell your Japanese Yens for Canadian
dollars. That's it! Largest globally traded currencies are US $ (86%), Euro (37%),
Japanese Yen (16.5%), Pound Sterling (15%), Swiss Franc (6.8%), Australian $ (6.7%).
Benefits Of Hedging Currency Risk Through A Futures Platform
Payoff is simple 3 in 1 single order screen for buying and selling in BSE/NSE cash
and derivatives No counter-party default risk No Import - Export Documents required
Currency Trading is allowed without having an underlying. Efficient price discovery
due to high liquidity Price Transparency - real time dissemination of prices Access
through internet from remote locations - Live, instant, easy and efficient execution.
Our capable research team will be more than delighted to share their fundamental
as well as technical views on the currency markets.
Our clients can download our mobile application Trador for putting in their orders
and get updated about the currency market on a daily basis as well.