Multi Commodity Exchange of India (MCX) has received approval from markets regulator Securities and Exchange Board of India (SEBI) for the launch of futures trading in natural rubber.
The exchange will launch the rubber futures at the earliest as this product holds special significance for market participants given the huge market size for natural rubber in India in terms of production and imports. Rubber futures contracts will be available for compulsory delivery for investors who are keen to trade in rubber quality of 'Ribbed Smoked Sheets4' for a minimum lot size of 1 tonne.
MCX, the leading commodity bourse, largely offers futures trading in nonagricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
