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ROLE OF DEMATERALISATION (DEMAT) CUM TRADING IN STOCK MARKET & ANALYSIS OF CURRENCY DERIVATIVES SEGMENT Free essay! Download now

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ROLE OF DEMATERALISATION (DEMAT) CUM TRADING IN STOCK MARKET & ANALYSIS OF CURRENCY DERIVATIVES SEGMENT

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ROLE OF DEMATERALISATION (DEMAT) CUM TRADING IN STOCK MARKET & ANALYSIS OF CURRENCY DERIVATIVES SEGMENT essay previewROLE OF DEMATERALISATION (DEMAT) CUM TRADING IN STOCK MARKET & ANALYSIS OF CURRENCY DERIVATIVES SEGMENT essay previewROLE OF DEMATERALISATION (DEMAT) CUM TRADING IN STOCK MARKET & ANALYSIS OF CURRENCY DERIVATIVES SEGMENT essay preview

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this is related to stock market and currency assignment and full role of demate account

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CURRENCY DERIVATIVE SEGMENT


INTRODUCTION…………….. ………………………………………… 32

CONTRACT SPECIFICATION FOR CURRENCY FUTURE… 33-35

BROKERAGE CHARGES & CLEARING BANKS………….. 35- 38

MARGINING SYSTEM. …………………………………………… 38

TOTAL TURNOVER……………………………………….. …………… 39-41










2) BASIC CURRENCY :

2.1) HISTORY OF US DOLLAR. … ………………… 42

2.2) US DOLLAR VALUE VS GOLD VALUE… 43

2.3) HISTORY OF EURO CURRENC………… 44

3) RELATION BETWEEN DOLLAR AND EURO……………………. 45-46

4) WHY US DOLLAR WEAK AGAINST THE EURO…………………… 47



5) WHY IS DOLLAR LOW WHEN STOCK MARKET IS HIGH……………. 48

6) WHY IS DOLLAR HIGH WHEN STOCK MARKET IS LOW …………… 49

7) CORRELATION:

7.1) CORRELATION DOLLAR TO EURO………….. …………… 50-51

7.2) CORRELATION EURO TO DOLLAR …... 51-52

8) APPRECIATION AND DEPRECIATION OF CURRENCY… 53-54

RESEARCH SECTION IN SHAREKHAN. …………………………. … 55

MY SIP IN SHAREKHAN (DERIVATIVE CUM DEMAT TRADING). 56- 58

2) Analysis of Weekly Performance. …………………… 58-59

3) Learning in Sharekhan. ……………………………… 59

RESEARCH METHODOLOGY:

1) Exploratory & Descriptive Research. …………………… 59-61

3) Sampling Methodology. …………………………………… 61-62

DATA ANALYSIS & INTERPRETATION. ………………. 63 - 71







FINDINGS. ……………………………………………………… 72

RECOMMENDATIONS& SUGGESTIONS. ………………… 72-73

CONCLUSION. …………………………………………………. 73

BIBLOGRAPHY. ………………………………………………. 74

ANNEXURE

1) Questionnaire. …………………………………………… ……… 75 - 77

2) Abbreviations. ………………………………………………………. 78-80


















EXECUTIVE SUMMARY

New ideas and innovations have always been the hallmark of progress made by mankind. At every stage of development, there have been two core factors that drive man to ideas and innovation. These are increasing returns and reducing risk, in all facets of life.

The financial markets are no different. The endeavor has always been to maximize returns and minimize risk. A lot of innovation goes into developing financial products centered on these two factors. It has spawned a completely new area called financial engineering.

The Reserve Bank of India in its Annual policy Statement for the year 2007-2008 proposed to set up a working Group on Currency Future to study the international experience and suggest a suitable frame-work to operationalise the proposal, in the with the currency legal and regulatory framework. This group submitted its report in April 2008. Following this, RBI, Securities, and Exchange Board of India (SEBI) jointly constituted a Standing Technical Committee to inter-alia evolve norms and oversee implementation of Exchange Traded Currency Derivatives. The Committee submitted its report on May 29, 2008. This report laid down the framework for the launch of Exchange Traded Currency Future in terms of the eligibility norms for existing and new Exchanges and their Clearing Corporations/Houses, eligibility criteria for members of such Exchanges/Clearing Corporation/Houses, product design, risk management measures, surveillance mechanism and other related issue.

The Regulatory framework for currency future trading in the country, as laid down by the regulators, provide that persons resident in India are permitted to participate in the currency future market in India subject to directions contained in the Currency Future (Reserve Bank) Directions, 2008, which have come into force effect from August 6, 2008

This market presents a tremendous opportunity for individual investors .The markets have performed smoothly over the last two years and has stabilized. The time is ripe for investors to make full use of the advantage offered by this market.

We have tried to present in a lucid and simple manner, the Currency derivatives segment market, so that the individual investor is educated and equipped to become a dominant player in the market.







INTRODUCTION

AS A FINANCIAL SYSTEM

The financial system is one of the most important inventions of the modern society .The phenomena of imbalance in the distribution of capital or funds existed in every economic system. These are areas or people with surplus funds and there are those with deficit. A financial System functions are as an intermediately and facilities in the flow of funds from areas of surplus to the area of deficit. A financial system is a composition of various institutions, markets regulation and law, practices, money managers, transactions and claims and liabilities.

The functions performed by financial system are as:



SAVING FUNCTIONS

LIQUIDITY FUNCTIONS.

PAYMENTS FUNCTIONS.

RISK FUNCTIONS.

POLICY FUNCTIONS.



NSE was the first exchange to have received an in-principle approval form SEBI for setting up currency derivative segment. National Stock Exchange was the first exchange to launch Currency future trading in India. The currency Derivatives segment at NSE commenced operations on August 29, 2008 with the launch of currency futures trading in US Dollar-India Rupee (USD-INR)










COMPANY PROFILE

SHAREKHAN LIMITED

SHAREKHAN is the one of the top Retail Brokerage houses in India with strong online trading platform. The company provides equity based products (Research, equities, Depository, Currency derivative segment, margin funding etc.). It has one of the largest network in India in field of shares trading with 1053 shares shops in 331 cities and India’s premier online trading portal www.sharekhan.com.with their research expertise, customer commitment and superior technology, they provide investors with end to end solutions in investments. They provide trade execution services through multiple channels- an internet platform, Telephone and Retails outlet.

Morakhiya family established share khan in 8 Feb 2000 and Morakhiya family still continue are the largest shareholder .it is the retail broking arm of the Mumbai-based SSKI ( Shanti lal Shewantilal Kantilla Ishwarlal securities limited) Group. Share khan parental company SSKI was established in 5 Feb 1922. With a legacy of more than 8 decades (80 years) in stock markets. SSKI ventured into institutional broking and corporate finance over a decade ago. Presently SSKI is one of the leading players in institutional broking and corporate finance activities. Share khan offers its customers a wide range of equity related services including trade execution on BSE, NSE and Derivatives , Depository Services, online Trading, investing advices, Commodities etc.
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