Tuesday, 10 October 2017

MCX gets Sebi nod for gold options.


The Multi Commodity Exchange of India Ltd (MCX) has received the regulator Sebi’s approval for the launch of gold option contracts with 1 kg gold futures the underlying commodity.
The exchange said in its circular that the date for launching options in gold would be announced separately but traders expect it to start trading around Diwali time. 

The regulator has allowed only one commodity option per exchange on a pilot basis. Non-agri commodities want to have an average turnover of Rs. 1,000 crore and the commodity needs to be in the top five list in terms of daily turnover.

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