I wish the currency futures markets are open till atleast 7 pm India time. I know this is more of an exchange related issue. I have been watching the markets for a while and I feel that like MCX we should also have an evening session. There was a huge spike in USDINR contract post 5 pm. And anyone holding shorts are smashed. If only we have an evening session, that will result in probably lesser gap ups and gap downs. It is my personal opinion.
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Much needed to improve market participation. Closing the segment before US opens makes no sense to me.
Agree Tejas. I think it defeats the very purpose of hedging. I was making all my trading plans, calculating the risk of ruin and drawdown ratios and all and this variable leaves me completely stumped. How do I account for it at all, if I am planning to be a full-time trader? Makes absolutely no sense :-(