India Allows MCX to Start Trading First Options Contract in Gold
- MCX to offer kilogram contracts in a couple of months
- Exchange to release product details in about two weeks
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The Multi Commodity Exchange of India Ltd. said it will start the country’s first gold options contract, about a year after the market regulator permitted options trading in commodities.
The Securities & Exchange Board of India has approved the bourse’s plan to offer kilogram contracts and the bourse will release product details in about two weeks, MCX Spokesman Girish Dev said by phone on Wednesday.