MCX To Unveil Gold Options

Posted By:
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    On the sidelines of a conference, Managing Director of MCX said that gold options will be unveiled in September end. He said "We have already conducted mock drills". A senior company official said that the move shall enable small players to hedge their risk through the options availability in the bullion segment.

     MCX To Unveil Gold Options

    The launch of the gold options is scheduled after a nod of the Securities and Exchange Board of India. The players in the bullions segment see it as a positive move for the jewelers who can now hedge their risk involved without having to worry for the daily changes in price of bullion.

    The market watchdog, SEBI, allowed hedge funds categorized as AIFs or alternative investment funds for investing in commodity derivatives opening the doors for the first time for institutional investors.

    The hedge fund as well as gold options shall see the turnover of the exchange increase tremendously.

    Harmony Hedge Fund has started trading on the MCX platform and another 35 hedge funds have approached the exchange for admission, Paranjape said.

    Story first published: Saturday, August 12, 2017, 12:11 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more