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