Indian Currency Derivatives Market Shrank Nearly 40% In OctoberNovember 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