Yes, IRF has generated good volumes. On the first day itself, its generated more than half the volume of USD-INR Futures on NSE.
I think eventually it will be more liquid than Nifty futures & currency futures.
It is important to note that Banks can trade IRF. Banks cannot trade Nifty futures.
Bonds form a very big portion of a banks balance sheet. So, they need to hedge it properly.
Worldwide, IR derivatives are more popular than index futures.
I think eventually it will be more liquid than Nifty futures & currency futures.
It is important to note that Banks can trade IRF. Banks cannot trade Nifty futures.
Bonds form a very big portion of a banks balance sheet. So, they need to hedge it properly.
Worldwide, IR derivatives are more popular than index futures.