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MCX plans to introduce three more commodities for futures trading

02 Feb 2017 Evaluate

Multi Commodity Exchange of India (MCX) in addition to the existing 15 commodities that it currently offers for trading is now planning to introduce three more commodities for futures trading. The commodity exchange is planning to include tea, coffee for future trading in agri space while in the metal space it is planning to include brass for trading. The exchange has sent a proposal for the same with SEBI.

Earlier in January, the exchange had launched a futures contract in Castor Seed, after receiving approval for the same from the Securities and Exchange Board of India (SEBI). With this launch, MCX had added another contract to its agri-commodities products suite, in the oil and oilseeds complex.

MCX is the largest commodity exchange in the country with 90.35% market share in the commodities trading segment for the first 9 months of fiscal year 2016-17. The exchange has reported an average daily turnover of Rs 21,023 crore for the third quarter of the fiscal year.

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