MCX sees options volumes growing to 60% of underlying futures in 6 months
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India's largest commodity futures trading platform, the Multi Commodity Exchange of India (MCX) targets «options» volume to grow to a minimum 60 per cent of underlying futures contracts. The exchange looks at achieving this in six months.gold optiMCX sees options volumes growing to 60% of underlying futures in 6 months
India's largest commodity futures trading platform, the Multi Commodity Exchange of India (MCX) targets «options» volume to grow to a minimum 60 per cent of underlying futures contracts. The exchange looks at achieving this in six months.gold options was launched in October 2017. In last over a month option basket was expanded adding other non-agri commodities including silver, copper, zinc and crude oil. Other commodities are yet to see their first settlement and hence there is no enough response from traders. Gold options recorded Rs 1570.30 million daily average turnover when launched in last October but that euphoria died down and trading fell to around 15 per cent of that in February. To boost volume in this segment, markets regulator Securities and Exchange Board of India (Sebi) allowed market making in gold «options» which brought noticeable success with its daily average turnover exceeding Rs 6460.5 million for May '18. For June '18 (upto June 21) also, the daily average ... Read more