MCX sees options volumes growing to 60% of underlying futures in 6 months

While gold options have risen sharply in turnover the past two months via liquidity enhancement scheme, options in other commodities have been lackluster

India's largest commodity futures trading platform, the Multi Commodity Exchange of India (MCX), expects "options" volumes to grow to a minimum of 60 per cent of underlying futures contracts within six months.

While gold options were launched in October 2017, the options basket was expanded during the past month or so, with the addition of other non-agri commodities such as silver, copper, zinc and crude oil. Other commodities are yet to see their first settlement and hence the response from traders is limited. Gold options recorded a daily average turnover of Rs 1,570.30 million when launched in last October, but the