MCX to launch crude oil, metals options; also gets nod for diamond futures

Nickel futures next on the anvil; Exchange was the first in the world to launch brass futures a few months ago

Multi Commodity Exchange (MCX) got permission, late last week, to launch options trading in crude oil, silver, copper and zinc. The exchange announced on Monday that crude oil (100 barrels) option and trading will start from May 15 and expire on June 15. 

This follows its recent launch of options contracts in gold. After that successfully took off, the Securities and Exchange Board of India (Sebi) has allowed MCX, the country’s largest in commodities, to do so in zinc (5 tonnes), silver (30 kg) and copper (1 tonne), apart from crude oil. The launch date of zinc, silver and copper will