Commodity trading bourse Multi Commodity Exchange on India (MCX) said on Tuesday it would launch options trading in crude oil on May 15.
The exchange received Securities and Exchange Board of India's approval for the launch last week.
"Multi Commodity Exchange of India will launch options trading with crude oil (100 barrels) futures as the underlying on May 15, 2018," MCX said in a statement, adding that two crude oil options contracts, expiring on June 15, 2018 and July 17, 2018 would be available for trading on the day of launch.
"These contracts have been designed to meet crude oil stakeholders' hedging needs so as to protect them from rapid price fluctuations following market uncertainties."
--IANS
rrb/him/vm
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app