MCX crude options check in turnover of ₹716 crore by admin- Wednesday, May 15th, 2019 07:31:56 AM
MCX recorded the very best-ever turnover of ₹716 crore in its crude oil alternatives settlement on Monday.
A year after its launch, the agreement logged an boom of 226 according to cent in average daily quantity and 195 consistent with cent in average each day turnover in May.
The European-styled crude oil alternative is based totally at the underlying MCX crude oil futures settlement (100 barrels) traded at the trade.
PS Reddy, Managing Director, MCX stated that paired with the exchange’s existing strength product suite, the crude options settlement draws an equally sturdy attraction from market participants counting on MCX for his or her requirements.