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SEBI gives nod to MCX to launch first gold options contract

11 Aug 2017 Evaluate

Multi Commodity Exchange of India (MCX) has received an approval from market regulator Securities and Exchange Board of India (SEBI) to launch country’ first gold options contract soon. The exchange will finalize exact contract specifications and launch date in couple of weeks.

Earlier in June, SEBI allowed options trading in commodities to deepen the market but permitted each exchange to launch options on futures of only one commodity initially.

Putting in place strict eligibility criteria, SEBI said options could be launched on futures contract of only those commodities that are among the top five in terms of the total trading turnover value of previous 12 months.