Multi Commodity Exchange of India (MCX) has launched trading on nickel options, making it the third base metal derivatives on its platform. The exchange already offers base metal options on futures in copper and zinc and option contracts in gold, silver and crude.
The new product will suit all participants, be it investors, traders and hedgers the options contract will provide a more cost-effective tool. The options contract will provide a more cost-effective tool for hedgers even as the underlying futures contract has gained good traction.
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.
| Company Name | CMP |
|---|---|
| Motilal Oswal Fin | 815.95 |
| Angel One | 323.35 |
| IIFL Capital Service | 313.40 |
| Nuvama Wealth | 1403.20 |
| Share India Sec. | 147.05 |
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