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MCX crude oil options register turnover of Rs 716 cr

Press Trust of India  |  New Delhi 

Leading bourse MCX said Tuesday its have completed one year and registered a record turnover of Rs 716 crore on Monday.

The contract continues to gain momentum and witnesses increased acceptance amongst various stakeholders, the exchange said.

The European-styled are based on the underlying MCX (100 barrels) traded on the exchange.

"We are delighted that crude options has received such a great response which also coincides with its launch anniversary, that is May 15, 2019," MCX MD and P S Reddy said.

Paired with MCX's existing energy product suite, the crude options contract draws an equally strong appeal from the market participants who increasingly rely on the Exchange for their diverse requirements, he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 14 2019. 17:01 IST
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