MCX To Launch Gold Options Contract This Dhanteras

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    In a BSE filing, Multi Commodity Exchange of India said, This is to inform you that the exchange is targeting to launch trading in gold option contracts with gold (1kg) futures as underlying on October 17". The launch date coincides with Hindu festival Dhanteras which is considered highly auspicious for purchasing gold.

    MCX To Launch Gold Options Contract This Dhanteras

    To match up the requirement that shall come up with increased volume in options trading, the exchange has been upgrading its technology. Also, since June, mock trading in Options has been conducted by the MCX. The exchange said that it will launch the first option contract in gold under non-agri category and informed that the count of participants is over 1 lakh.

    As per a PTI report, options trading in commodity markets had been allowed by SEBI in the month of August. Further, NCDEX , an agri-commodity bourse is also planning to launch options trading and for the same has sought approval from the concerned regulatory body.

    MD and CEO of MCX said that the options that currently qualify are of natural gas, silver, zinc, crude and others in the agricultural sector.

    Goodreturns.in

    Story first published: Wednesday, October 11, 2017, 12:08 [IST]
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