Photo: MintNew Delhi: Leading commodity bourse MCX on Tuesday said it will launch option trading in gold on Dhanteras. “This is to inform you that the exchange is targeting to launch trading in Gold Option Contracts with Gold (1Kg) Futures as underlying on October 17,” the exchange said in a BSE filing. It has also been upgrading its technology to handle increased participation in option trading. In August, Capital markets regulator Securities and Exchange Board of India (Sebi) had allowed option trading in commodity markets. Besides MCX, agri-commodity bourse NCDEX (National Commodity & Derivatives Exchange Limited) also has plans to launch option trade and has sought permission for guarseed.

Source: Mint October 10, 2017 11:26 UTC