Any product is always targeted at three segments - hedgers, speculators and arbitragers. In the over the counter (OTC) interbank market, only some one with an existing foreign exchange exposure can participate. Those would primarily be your hedgers but with the introduction of Exchange-Traded Futures and Options, every single resident Indian can participate.
It even gets speculators and arbitragers into the currency market, thereby, opening up an entire asset class for many brokerages. CNBC-TV18 got in Chetan Bharkhada, President Head Commodities & Currencies at Anand Rathi, Kamlesh Shah, Director of Total Securities, Vivek Bajaj, Director of Kredent Finance and Mukesh Kansal, CMD of Trustline Securities to shed light on what this means for brokerages in terms of their client business and in terms of the proprietary business, how is the current market situation? Below is a verbatim transcript of their interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
