Indian Currency Derivatives Market Shrank Nearly 40% In October

November 12, 2011 3:22 am

The magic of transaction charges. We spotted this today:

“The Indian currency derivatives market shrank nearly 40% in October, a month after two major exchanges, the National Stock Exchange of India Ltd (NSE) and MCX Stock Exchange Ltd (MCX-SX), introduced transaction charges in the segment in deference to a ruling by the Competition Commission of India (CCI).

The imposition of transaction charges has raised the cost of trading in a segment where margins are wafer-thin, brokers said. ”

Statistics Source: LiveMint

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