NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Transaction Costs: Impact profitability of frequent trading.
  • Electronic Trading: Enhances speed and efficiency.
  • Order Priority: Based on price and time of entry.
  • Market Depth: Reflects liquidity in the order book.
  • Trade Confirmation: Issued post-execution to both parties.

NISM Interest Rate Derivatives

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