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CORPORATE
OVERVIEW
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| LEADERSHIP |
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Leading Currency Derivative platform for USD:
INR – garnered 50 % market share in two
month of operations |
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Average Daily Volume since inception 158,501
contracts valued at Rs. 778.07 cr. as on
December 31, 2008 |
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Open Interest as on December 31, 2008
118,394 contracts. |
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Regulated by the SEBI & RBI and Promoted by
Multi Commodity Exchange of India Ltd. (MCX)
and Financial Technologies (India) Limited
(FTIL) |
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| MEMBERS |
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Hedgers: Importers & exporters, Banks &
financial institutions, Foreign currency
dealers, Corporates with foreign currency
exposure. |
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Arbitrageurs |
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| PRODUCT |
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USD / INR monthly contracts with a minimum
lot size of US$ 1,000 with RBI USD/INR
Reference Rate and settlement in INR |
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Margin as per SPAN * margin system +1% ELM
** (Amount comes to around Rs. 2100 on an
average per contract) |
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*SPAN – Standardized
Portfolio Analysis of Risk, a leading margin
system |
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** ELM –
Excess Loss Margin |
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| GROWTH
DRIVERS |
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Enhancement
of lot size and increase in trading limits |
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Introduction of interest rate derivatives
may debut by January 2009 |
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Introduction of other currency and cross
currency pairs, other FX products and new
market segment like SMEs |
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Introduction of other products like options,
indices |
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Participation of FIIs, and NRIs expected in
near future |
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| GOVERNANCE |
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G.
N. Bajpai - Former Chairman of SEBI &
LIC |
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Venkat
Chary, IAS - Chairman, MCX |
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A.V.Rajwade - Renowned Forex Expert |
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Jamal Mecklai - CEO of Mecklai Financial |
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Naresh Deshpande - Former Principal Legal
Advisor, RBI |
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Ganesh
Rao - CEO, IBS Forex |
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www.mcx-sx.com |
