10 August 2017

SEBI Allows MCX to launch Gold Options

SEBI Allows MCX to launch Gold Options

The Multi Commodity Exchange Ltd (MCX), the country’s largest commodity exchange has received capital markets regulator Securities and Exchange Board of India’s (Sebi) approval to launch options trading in gold.

It will allow investors and hedgers to minimise their price risk at a fraction of cost compared to currently available futures trading.

Important Takeaways from above News-
  • Murgank Paranjape is the Managing Director of MCX.
Source- The Hindu

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