MCX plans to provide a special exit option for investors who are stuck with wrong trading calls in crude oil, and amended the by-laws to arrive at daily a settlement price due to increased price volatility in crude oil.
The move to provide an exit option for investors comes even as the exchange is in the process of providing a provision for negative pricing in commodities trading.
The exchange has decided to provide an additional facility to market participants to square off open positions in crude oil futures contracts.
On any trading day, if the price of the crude oil contract freezes at the lowest price ― ₹1 ― in the trading system and remains at the same level for last 15 minutes of trading (currently 11.15 pm to 11.30 pm)
