Weekly contracts for all agri commodities. | |
| Mumbai-based Multi Commodity Exchange (MCX) is planning to launch the T+7 or weekly contracts in all its agriculture commodities. This follows the launch of a similar dematerialised gold product along with World Gold Council last month. |
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| Currently all the contracts on the exchange are three-month or bi-monthly ones. Speaking to Business Standard, an exchange official said the contracts were in the drawing-board stage, and a proposal in this regard was to be sent to the Forward Markets Commission (FMC), the regulator of the commodity markets. |
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| Asked whether a similar product would also be available for the crude contract on the exchange, the official declined to comment. |
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| "The initiative is expected to bring more participants from investors in the stock market as well," he said. The FMC said it was not actively looking at such a contract at the moment, but would do the needful once the proposal was received. |
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| However, sources indicate that such contracts will see volumes only with better participation from all sectors. |
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