MCX has reduced the preliminary margins and Short Option Minimum Margins (SOMM) on crude oil contracts to 10 according to cent and introduced staggered margin primarily based on turnover with impact from Wednesday.
In December, the trade halved the minimum initial margins and brief alternative minimum margin to 50 in line with cent and withdrawn extra margin on all crude oil futures and on the short aspect of alternatives contracts.
In view of the volatility skilled in crude oil contracts inside the past, MCX on Tuesday stated it shall evaluation the minimum preliminary margins and SOMM whilst the marketplace-wide Open Interest of Crude Oil contracts reaches ₹200 crore and thereafter in multiples of ₹100 crore.
The minimal initial margins and SOMM shall be multiplied to 20 according to cent when Open hobby reaches ₹2 hundred crore and the date of implementation of these extended margins will be knowledgeable by means of MCX, via a separate circular, it introduced.
Bazaarinformation team has many years of experience, covering the physical and future commodities markets with prominent commodity & equity trading advising which shines further with extensive network to get research from ground levels to generate proper reporting and movements. We are able to get evens out of odds in volatile markets and stockings. ...
