MCX launches futures contracts in 10 commodities

PTI New Delhi | Updated on April 01, 2011

Leading commodity bourse MCX has launched futures trading contracts in 10 commodities that would expire in May and June.

The exchange has made available futures trading contracts in gold guinea, aluminium, lead, tin, zinc, nickel, menthol, melted menthol flakes and kapasia khalli with effect from today, the Multi Commodity Exchange of India Ltd (MCX) said in a separate circular.

The contracts of these nine commodities will mature in May and June, while almond contract will expire in September. The contract specification of these commodities would remain unchanged, the circular said.

At present, MCX has the largest market share of 83 per cent in the commodity futures market. The exchange registered a business of Rs 86.97 lakh crore in 2010 and expects to touch Rs 100 lakh crore in the current calendar year.

Published on April 01, 2011

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