NCDEX to launch futures in Soydex by admin- Tuesday, August 31st, 2021 07:33:20 AM
The index is based totally at the liquid soyabean and delicate soya oil contracts traded at the NCDEX
NCDEX, the u . S . A .’s biggest agriculture-primarily based commodity exchange, will begin buying and selling in futures of soydex from Tuesday.
Initially, futures settlement at the index expiring in September and October will be available for trading.
The exchange has waived off transaction costs on Soydex futures till November 30 to reinforce traders’ interest. The initial margin has been fixed at 10 per cent and severe loss margin of 1 in step with cent.
Soydex presents actual-time commodity futures price index, designed to offer publicity of soya complicated commodity to market contributors. The index is primarily based at the liquid soyabean and subtle soya oil futures contracts traded on NCDEX.