MCX crude oil options complete one year, register turnover of ₹716 crore
NEW DELHI: Leading commodity bourse MCX has said its crude oil options have completed one year and registered a record turnover of ₹716 crore on Monday.
The contract continues to gain momentum and witnesses increased acceptance amongst various stakeholders, the exchange said.
The European-styled crude oil options are based on the underlying MCX crude oil futures contract (100 barrels) traded on the exchange.
“We are delighted that crude options has received such a great response which also coincides with its launch anniversary, that is May 15, 2019,” MCX MD and CEO P S Reddy said.
