Forex trading platform, FX-Retail of CCIL launched

Forex trading platform, FX-Retail of CCIL launched

• Clearcorp Dealing Systems India Ltd (Clearcorp) has launched its forex trading platform, FX-Retail, for the customers of banks on August 05, 2019. ClearCorp is a wholly-owned subsidiary of Clearing Corporation of India Ltd (CCIL).

• This will provide the customers of the bank (MSMEs and Individuals) direct access to the market who has a need to purchase or sell US Dollar against the Rupee for delivery. The size of a single transaction is not allowed to exceed $5 million.

• The registration process for customers was available from July 01, 2019.

To read more about FX-Retail click here.

• Points to remember:

1. Name of the platform by CCIL for foreign exchange trading platform for retail participants?
2. FX-Retail is managed by?
3. Various limits?