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MCX, the country’s largest commodity exchange, has sought capital and commodity market regulator SEBI’s approval to launch options trading in crude, zinc, copper and silver.
The bourse expects to receive the approval for crude and zinc in the first half of April, said Mrugank Paranjape, Managing Director, MCX on the sidelines of COMMrisk, an event to promote commodity price risk management and disclosure in corporate India and SMEs held here on Friday.
“We had a lot of discussion with SEBI on liquidity enhancement scheme and should get approval in next one week to 10 days enabling us to launch the scheme in middle of April,” he said.
On the BSE’s plan to start gold futures trading from October, Paranjape said the exchange is not perturbed by this development as it takes years for any exchange to develop liquidity in any commodity and liquidity does not shift just like that.
While MCX is keen to set up commodity spot exchange once the regulatory framework is ready, it will not enter into equity trading unless it makes a business compulsion, said Paranjape.
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