Commodities

NCDEX to launch four new options contracts from tomorrow; SEBI gives nod

Our Bureau Mumbai | Updated on October 07, 2018 Published on October 07, 2018

The National Commodity and Derivatives Exchange has received SEBI’s approval to launch options trading in guar gum, soyabean, refined soya oil and chana.

Options trading in these contracts is expected to begin on October 9, said the exchange in a statement.

The options contract on guar gum expiring in November, December, January and February will be available for trading, while the chana options contracts will expire in November, December, January and March.

Similarly, five soyabean options contracts expiring from November to March and five contracts of refined soya oil expiring between December and April will be open for trading.

The overall position limit for options in these commodities will be double the corresponding futures contract, whereas the near-month position limit has been restricted to that of underlying futures contract.

The first agriculture options contract in guarseed was launched by Finance Minister Arun Jaitley earlier this year.

The National Stock Exchange will also enter commodity futures market with the launch of three new contracts in gold (1 kg), gold mini (100 grams) and silver (30 kg) on October 12.

So far, 73 FPOs from 12 States have traded in 16 commodities on the NCDEX platform. Of these, 50 have traded in soyabean and four in chana.

Published on October 07, 2018
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