MCX commences options trading on copper futures

The Multi Commodity Exchange of India (MCX) on Monday launched an options contract on copper futures. The contract has clocked a traded volume of 461 lots with value of Rs 218.9 million till 5.00 pm.

Currently, June, August and November 2018 option contracts are available for trading, with one MCX copper futures contract (1 mt) as the underlying. The exercised positions of the options contract post expiry shall devolve into the respective underlying future positions. In order to encourage active participation in the market, the exchange is not levying any transaction fees on all the commodity options contracts till September 30, it said.