What are Currency derivatives and how can I trade them on Tiqs?

Currency derivatives are exchange-traded futures and options contracts. It is similar to stock futures and options, but the underlying of currency derivative contracts are currency pairs- For example: USDINR, EURINR, JPYINR, or GBPINR

Currently in India, currency Futures and Options can trade on four currency pairs, Cross Currency Futures and Options on three currency pairs, and Interest Rate Futures and Options on Government Securities (G-Secs), 91-Day Treasury Bills (T-bills), and Overnight MIBOR are all traded on the NSE's currency derivatives segment (ON MIBOR).

To trade currency derivatives on Tiqs, your account must have the currency derivatives segment enabled. If the currency segment is not enabled for your account, you can enable it by uploading your income proof. Click here to learn how to activate the currency segment. Once your segment is enabled, you can begin trading in currency pairs' futures and options contracts by adding them to your watchlist.

To add these contracts to your Market watch, go to Tiqs universal search and type the name of the currency pair- for example: 'USDINR', and you'll see all the contracts in the dropdown menu.

After you've added the contract, you can buy or sell it.

Did you know that? Currency derivatives are settled using the RBI reference rate. Click here to learn more about currency derivatives on the NSE.