MCX plans to launch Gold options contract-Shanghai Metals Market

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MCX plans to launch Gold options contract

Industry News 09:52:56AM Aug 11, 2017 Source:scrapregister

INDIA August 10 2017 3:25 PM

MUMBAI (Scrap Register): The Multi Commodity Exchange of India (MCX) is planning to launch the India's first Gold options contract on the back of The Securities & Exchange Board of India (Sebi) allowing the contract. MCX is planning to introduce the Gold options contract about a year after the market regulator permitted options trading in commodities. 

MCX planned it to start in December and it was delayed by the discussions among market players and the government over tax rules and settlement procedures. The Detailed guidelines from the regulator came in July, allowing the exchange to finalize the decision. 

"We have been doing a very detailed engagement with the bullion segment over the last 45 days, and we'll continue that as we prepare for the launch," and analyst quoted to Business Standard.

Introduction of options trading would allow India's commodities market to intensify liquidity after a $920 million payment default at a spot exchange in 2013 cut volumes.

Key Words:  Gold prices 

MCX plans to launch Gold options contract

Industry News 09:52:56AM Aug 11, 2017 Source:scrapregister

INDIA August 10 2017 3:25 PM

MUMBAI (Scrap Register): The Multi Commodity Exchange of India (MCX) is planning to launch the India's first Gold options contract on the back of The Securities & Exchange Board of India (Sebi) allowing the contract. MCX is planning to introduce the Gold options contract about a year after the market regulator permitted options trading in commodities. 

MCX planned it to start in December and it was delayed by the discussions among market players and the government over tax rules and settlement procedures. The Detailed guidelines from the regulator came in July, allowing the exchange to finalize the decision. 

"We have been doing a very detailed engagement with the bullion segment over the last 45 days, and we'll continue that as we prepare for the launch," and analyst quoted to Business Standard.

Introduction of options trading would allow India's commodities market to intensify liquidity after a $920 million payment default at a spot exchange in 2013 cut volumes.

Key Words:  Gold prices