What are the most liquid monthly contracts in the currency futures segment both in the futures and the options segment?
Answer
Answer
The table below captures the key volume data in the currency futures in the currency futures and the currency options segment on the BSE.
Year/Month
Currency Futures
1 Month
2 Month
3 Month
> 3 Months
2018-19
28,21,842
3,28,322
9,826
1,918
2019-20$
11,93,475
1,54,518
2,432
136
Apr-19
1,69,144
24,434
318
11
May-19
2,19,385
23,734
452
7
Jun-19
1,80,366
26,223
257
6
Jul-19
1,88,459
18,900
415
53
Aug-19
2,18,410
36,027
487
27
Sep-19
2,17,711
25,199
503
31
Currency Options
1 Month
2 Month
3 Month
> 3 Months
2018-19
37,01,092
3,15,307
1,160
127
2019-20$
19,13,593
1,45,479
69
0
Apr-19
3,27,257
27,355
4
0
May-19
3,35,662
24,215
20
0
Jun-19
3,14,356
26,002
10
0
Jul-19
3,88,505
26,356
31
0
Aug-19
2,88,010
20,367
4
0
Sep-19
2,59,802
21,185
0
0
As you can see the near month contract continues to be the most liquid currency futures and currency options segment although the next month is gradually building up on the BSE. However, if you check the volumes on the NSE as represented in the below, you will realize that the volumes on the NSE are a little more evenly spread out between current month, mid month and far month.
Year/Month
Currency Future
1 Month
2 Month
3 Month
> 3 Months
2018-19
37,19,230
8,28,483
70,717
36,497
2019-20$
17,40,821
4,31,598
31,169
15,379
Apr-19
2,77,113
74,401
6,549
3,222
May-19
2,80,202
69,000
5,610
1,954
Jun-19
2,30,011
65,885
3,927
1,931
Jul-19
2,56,558
52,369
3,814
1,897
Aug-19
3,76,351
98,448
6,270
2,846
Sep-19
3,20,587
71,495
4,999
3,529
Currency Options
1 Month
2 Month
3 Month
> 3 Months
2018-19
26,46,031
5,78,571
2,42,228
3,96,595
2019-20$
12,14,475
4,71,031
1,89,645
4,35,393
Apr-19
1,89,409
47,930
42,278
70,453
May-19
1,76,634
73,280
27,978
48,601
Jun-19
1,46,994
69,169
23,267
49,944
Jul-19
1,47,284
54,369
32,076
88,547
Aug-19
2,84,874
1,16,137
30,088
1,12,012
Sep-19
2,69,279
1,10,146
33,958
65,835
As can be seen above table, the near monthly continues to predominate but the spread in the longer term options and futures is much better compared to the BSE.