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Mumbai, July 5 Multi-Commodity Exchange (MCX) will launch aviation turbine fuel futures from July 7, the bourse said in a press statement on Saturday.

Contracts for July, August, September, October, November and December contracts will begin trading on the exchange from Monday, MCX said.

Contracts will be traded in 100 barrel units from Monday through Saturday.

The daily maximum price limit is 4 per cent on either side, with an initial margin of 5 per cent.

The upper limit for open positions will be capped at 6-lakh barrels for individual clients, while for members it is 3 million barrels, or 15 per cent of the open market position, whichever is higher.

Mumbai will be the delivery center for these contracts, the statement added.

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MCX to trade aviation fuel futures from July 7

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