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MCX commences options trading on copper futures

Currently, June, August and November 2018 option contracts are available for trading, with one MCX copper futures contract (1 mt) as the underlying

Press Trust of India  |  Mumbai 

Copper producers face uneven playing field

The Multi of (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.
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Currently, June, August and November 2018 option contracts are available for trading, with one copper (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 is not levying any transaction fees on all the options contracts till September 30, it said.

First Published: Tue, May 22 2018. 01:59 IST
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