“MRC INDIA” IS REGULATED by SEBI and has tied up with National Stock Exchange (NSE) and United Stock Exchange to conduct its trading business in India. It provides its clients with the best terms and conditions for trading in Indian currency markets along with the global market research reports from London and Russia.
The book, which comes in English language, was unveiled by Suprabhat Lala, Vice President & Head of NSE Trading Operations, at a glittering ceremony at the NSE Auditorium in Mumbai. The Other dignitaries present for the occasion included Andrey Grunin, CEO - MRC MARKETS (MRC GROUP-Global), London. Vivek Dave - Director, MRC INDIA, Mumbai, India & Mr Suken Dhami, Analyst, Compliance Officer, MRC INDIA, Mumbai who shared their insights about the book and their experience with the Indian Currency Market. The information made available in this book is through immense research & is practical and very useful for a common man & investor as well.
Speaking at the launch of the Indian Currency Trading Platfrom & book launch, Andrey Grunin, CEO - MRC MARKETS (MRC GROUP-Global), London, said, “It took several centuries for London and 100 years for New York but not that much time in India, because people grab new financial product very well in India. The currency derivatives market in India has expanded from Rs 8bn in August 2008 to Rs 550bn in October 2010 and is still increasing. This is same like stock market, but the cost of trading and investing is low, so one can do lot of trades without much cost. It is advisable to continue in this market to take advantage of everyday movement.
The book has been written in a very simple and easy language, so that even the lay man with little or no background about the Indian stock market operations can understand the dynamics of the same. The book is designed in Question-Answer format which makes it very easy for the readers to comprehend finer & minute details of investments, benefits of investing in the Currency markets It is a first step and to educate everyone who want to enter the currency market. The book provides an effective tool to the traders and investors who like to start trading and investing in currency market.
Speaking at the launch of the book, Vivek Dave - Director, MRC INDIA, Mumbai, said, “This Education Book is the first edition launch in English by ‘MRC INDIA’. It highlights the interesting facts about currency markets and tells why one should enter in this market. Soon, we are also planning to launch the book in Marathi, Gujarati and various other languages, so more and more people can understand the importance of currency trading in their portfolio and take advantage of currency trading. Currency-derivatives trading volume in India has expanded by 90% since the United Stock Exchange joined the market in august. With the widening of the Indian foreign exchange market, the daily average turnover has grown manifold from about US$ 3 bn in Apr-01 to US$ 27 bn during Apr-10.”