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MCX unveils new index series on commodity futures

24 Dec 2019 Evaluate

Multi Commodity Exchange of India (MCX) has launched a new index series, MCX iCOMDEXTM, on commodity futures. A commodity index is an investment vehicle that tracks a basket of commodities to measure their price and investment return performance.

The new index series consists of a composite index, sectoral indices and single commodity indices. The composite index consists of eleven liquid futures contracts across different segments traded on MCX, while two sector indices are launched focusing on bullion and base metals.

Besides, single-commodity indices have been launched in four commodities -- gold, silver, copper and crude oil.

MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.

Multi Commodity Exch Share Price

2855.45 -4.65 (-0.16%)
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