MCX Unveils 'Silver 100' Contracts to Engage Small Investors
MCX has introduced 'Silver 100' futures contracts, allowing retail investors and small jewellers access to silver markets with 100-gram quantities. This move targets smaller players, enhancing participation in an area traditionally dominated by larger entities.
- Country:
- India
The Multi Commodity Exchange (MCX) has rolled out 'Silver 100' futures contracts, giving retail investors and smaller jewellers the opportunity to trade silver in 100-gram increments. This development broadens market access for participants who previously found it challenging to engage due to larger contract sizes.
This latest addition complements MCX's offerings of 30 kg, 5 kg, and 1 kg silver contracts, alongside options in similar denominations, with the clearing and settlement managed by Multi Commodity Exchange Clearing Corporation Limited. Praveena Rai, MCX's CEO, highlighted that this contract allows players in India's silver industry to better manage price risks, aligned with smaller inventory needs.
Emphasizing reduced capital barriers for SMEs and retail investors, the initiative offers assured quality delivery and transparent charges at contract expiry. Developed from market feedback, MCX aims to boost domestic recycling by revising good delivery norms and inviting local refiners, thus decreasing reliance on silver imports.
(With inputs from agencies.)
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