MCX launches commodity indices; trading expected in a month or two

MCX has also introduced sector and commodity-specific indices, which may be allowed for trading as and when permitted by the regulator

India’s largest commodity exchange, the Multi Commodity Exchange of India (MCX), has launched a series of new indices based on commodity futures contracts traded on the platform.

An MCX official said the exchange just started disseminating real-time index values. "The company has applied to the Securities and Exchange Board of India (Sebi) for future trading in two sectoral indices -- bullion and metal index. Subject to Sebi's approval, the launch for derivatives trading on that will be in January or early February."

Developed by an in-house research and development team, these indices conform to the Sebi and International Organization of