Multi Commodity Exchange (MCX) is taking measures to address falling volumes in the metal segment, which has plunged 30 per cent in the current financial year (FY20) so far after Sebi made delivery-based settlement mandatory. MCX has proposed that the capital markets regulator promote ‘trade in India’. It has asked all major metal and mining companies to hedge a small part of their total bet on Indian exchanges.
Currently, large companies are hedging all their risks in metals prices on overseas exchanges like the London Metal Exchange. An MCX official in an interaction with regulators had proposed to mandate major
