{"id":347971,"date":"2020-04-24T09:39:06","date_gmt":"2020-04-24T04:09:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347971"},"modified":"2020-04-24T09:53:35","modified_gmt":"2020-04-24T04:23:35","slug":"why-brokers-are-up-in-arms-against-mcx-over-the-april-crude-oil-contract","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/why-brokers-are-up-in-arms-against-mcx-over-the-april-crude-oil-contract\/","title":{"rendered":"Why brokers are up in arms against MCX over the April crude oil contract"},"content":{"rendered":"<p>Over the past two days, broker members of MCX, India\u2019s largest exchange for commodity derivatives, are up in arms against the manner in which the April crude oil contract was settled by the bourse. They have valid reasons to present their side of the story against an exchange that has used its financial muscle to have its way. <\/p>\n<p>What is the core issue? <\/p>\n<p>MCX crude oil is the most liquid contract and generates the highest volumes on the exchange. The contract was launched 15 years ago and was based on US shale oil price indicator WTI (West Rexas intermediate), which is traded on New York Mercantile Exchange (NymEx).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past two days, broker members of MCX, India\u2019s largest exchange for commodity derivatives, are up in arms against the manner in which the April crude oil contract was settled by the bourse. They have valid reasons to present their side of the story against an exchange that has used its financial muscle to have its way. What is the core issue? MCX crude oil is the most liquid contract and generates the highest volumes on the exchange. The contract was launched 15 years ago and was based on US shale oil price indicator WTI (West Rexas intermediate), which [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-347971","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=347971"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347971\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}