Index options in commodities will be a game-changer for MCX
Index options in commodities will be a game-changer for MCX
Index options have the potential of being the main product for the exchange as is the case with NSE, where index options account for over 90 percent of the total exchange volumes.
October 08, 2021 / 10:29 AM IST
Mixed economic data also points to uneven recovery.
Multi Commodity Exchange of India (MCX) shares touched an all-time high of Rs 1888 on Wednesday, up 8 percent from the previous close. Investors welcomed the news of the exchange seeking permission from the Securities and Exchange Board of India (SEBI) to launch index options. MCX, with a 92 percent market share in commodity trading, is a proxy play for commodities in the country.
Despite the strong rally in commodities, especially in metals and oil, MCX’s share price did not...
PRO Panorama
Moneycontrol Pro Panorama | Energy crunch engulfs the globe
Oct 7, 2021 / 04:25 PM IST
In today’s edition of Moneycontrol Pro Panorama: Gas price on fire, domino effect of gas flare-up, the $10-trillion man, NTPC braves crisis, the crypto policy landscape, key takeaway