Launch of MCX iCOMDEX base metals index (MCX METLDEXTM) futures

The contract specifications and trading parameters of the contracts as specified in Annexure herewith, shall be binding on all the Members of the Exchange and constituents trading through them.

Sep 23, 2020 10:09 IST India Infoline News Service

In terms of the provisions of the Rules, Bye-Laws and Business Rules of the Exchange and in continuation to the Exchange circular no. MCX/TRD/456/2020 dated June 29, 2020, the members of the Exchange are notified as under:

We are pleased to announce the launch of Futures contracts with MCX iCOMDEX Base Metals index (MCX METLDEXTM) as underlying on Monday, October 19, 2020.

MCX iCOMDEX Base Metals Index Futures contracts (Symbol: MCXMETLDEX) expiring in the months of November 2020, December 2020 and January 2021 will be available for trading with effect from Monday, October 19, 2020. The contracts for further expiries will be launched as per the enclosed contract launch calendar.

The contract specifications and trading parameters of the contracts as specified in Annexure herewith, shall be binding on all the Members of the Exchange and constituents trading through them.

The settlement procedure for Index Futures contracts as provided by MCX Clearing Corporation Limited vide circular no. MCXCCL/C&S/192/2020 dated August 17, 2020 shall be applicable for the contract.

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