MCX-SX exchange kicks off interest rate futures
NSE is to start trading IRF contracts tomorrow, BSE on Jan 28
Cash-settled interest rate futures started trading in MCX Stock Exchange Ltd (MCX-SX) on Monday.
The IRF contract for the 10-year benchmark 8.83% 2023 bond attracted the highest volume at Rs 1,500 crore with a last traded price of Rs 101.65.
The other IRF contract traded is the 7.16% 2023 bonds on Monday.
The National Stock Exchange will start trading IRF contracts from Tuesday, while BSE Ltd will start trading them from January 28.