MCX recorded the highest-ever turnover of ₹716 crore in its crude oil options contract on Monday.
A year after its launch, the contract logged an increase of 226 per cent in average daily volume and 195 per cent in average daily turnover in May.
The European-styled crude oil option is based on the underlying MCX crude oil futures contract (100 barrels) traded on the exchange.
PS Reddy, Managing Director, MCX said that paired with the exchange’s existing energy product suite, the crude options contract draws an equally strong appeal from market participants relying on MCX for their requirements.
