CONTENTS

CHAPTER NO TITLE PAGE NO

CHAPTER-I INTRODUCTION
 Introduction
 Need for the study
 Scope of the study
 Objectives of the study
 Methodology of the study
 Limitations of the study

CHAPTER-II PROFILE OF BROKING INDUSTRY IN INDIA

CHAPTER-III PROFILE OF INDIABULLS

CHAPTER-IV THEORETICAL FRAMEWORK

OF CURRENCY FUTURE MARKETS

CHAPTER-V DATA ANALYSIS AND

INTERPRETATION

CHAPTER-VI FINDINGS, SUGGESTIONS

& CONCLUSIONS

BIBLIOGRAPHY

ANNEXURE
Indiabulls Securities Ltd : Board of Directors

S.No Name Designation

1 Brig.Labh Singh Sitara Director

2 Mr.Karan Singh Director

3 Mr.Ashok Sharma Director

4 Mr.Aishwarya Katoch Director

5 Mr.Prem Prakash Mirdha Director

6 Mr.Divyesh B Shah Director

Indiabulls Securities Ltd. : Key Executives

S.No Name Designation

1 Mr.Divyesh B Shah Chief Executive Officer

2 Mr.R K Agarwal Company Secretary & Compliance Officer

Figure- II
 THEORITICAL FRAME WORK
Introduction to the Foreign Exchange market
Foreign Exchange:
The foreign exchange (currency or forex or FX) market exists wherever one currency is
traded for another. It is by far the largest market in the world, in terms of cash value traded,
and includes trading between large banks, central banks, currency speculators,
multinational corporations, governments, and other financial markets and institutions. The
trade happening in the forex markets across the globe exceeds $3.2 trillion/day (on an
average) presently. Retail traders (small speculators) are a small part of this market. A
foreign exchange transaction is still a shift of funds or short-term financial claims from one
country and currency to another.
History:
The history and evolution of the Foreign Exchange may be traced back to the early stages
of human history. In the early days the goods were exchanged between individuals and the
value of one good was expressed in terms of other goods. The limitations of this barter
system encouraged traders to use other mediums such as stones, teeth etc. to determine the
value of goods. These mediums soon to be replaced by precious metals in particular silver
and gold thus providing an accepted way of payment in exchange of goods. It also had the
many advantages such as storage and durability. The introduction of Roman gold coin
followed by the silver one played a key role in the development of the trade and foreign
exchange during the biblical times. Both coins gained a wide acceptance in Middle East
and other parts of the world forming an elementary international monetary system. By the
middle Ages, increased usage of bills encouraged the foreign exchange to become a
function of international banking.
However with the attempts of governments to create a more stable economic environment
for global trading and exchange, the last century witnessed some measures and events that
shaped the current foreign exchange markets.
Findings
1. USA and Briton are among the top Exporter and importer and one Asian country Japan
is considered as a top place for trading.

1. Exporter and importers use Dollar as main currency in Payment and Remittance. From
our analysis it is shown that 30.55% traders use Dollar in their payment and remittance
system and pound is used by 29.45% of traders

3. Speculation, swap and Arbitrage are less consider by the traders because it includes more
risk as compare to hedging techniques.

4.Stock Futures are Most Preferred For Investing In derivatives are high returns.

5.Main Factors that led to growth of derivatives are high returns.

Suggestions

1. The company can conduct seminars to promote their services along with educating them
about the products they offer. Initially they can start off with existing demat account holders.

2. The company has to create and maintain a database of prospective customers from time to
time, to keep track of the people falling in different income levels and their investing patterns.
This is possible if continuous contacts are maintained with the customers.

3. The awareness about derivatives among investors should be increased by conducting various
awareness and educational programs.

4. The company can think of tapping the existing demat account holders and provide them
enough information on derivatives and enable them to trade in the same. This will help the
company to increase its earnings of brokerage income.
BIBLIOGRAPHY
Books:
1. Primary Securities Markets, Anthony H. Aylward, Jack D. Glen, Cross Country
Findings
2. Foundations of Financial Markets and Institutions, Fabozzi, Pearson Education
India
3. Promoting access to primary equity markets, Felice Betsy Friedman, Claire Grose
4. Madhumathi.R, “Investment Analysis and Portfolio Management” Pearson Pvt Lt.,
5. Preeti Singh, “Security Analysis and Portfolio Management”, 17th Revised Edition,
Himalayas Publications.
6. Reily Brown, “Analysis of Investments and Management of Portfolios”, 10th
Edition, Cleanage Learning Publishers
 A STUDY ON CURRENCY FUTURE MARKETS AT
INDIAN BULLS
A project report in partial fulfillment for the award of the degree
of

MASTER OF BUSINESS ADMINISTRATION

Submitted by
K. Vani
Regd.No: 17JR1E0016
MBA 2017-2019

Under the Guidance of

Dr. V Ch Purna Chandra Rao
m.com,mba,ph.d
Associate.Professor

Department of Management Studies,

KKR & KSR Institute of Technology & Sciences,
Vinjanampadu, Guntur-522 017

Submitted to

JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY

KAKINADA,
KAKINADA - 533 003, ANDHRA PRADESH, INDIA
2017-19