Kotak-Backed MCX Plans More Index Futures After Bullion
- Trading in base metal index futures likely in month: MD Reddy
- Bourse exploring plans of India good delivery, recycled lead
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Multi Commodity Exchange of India Ltd. plans to launch a slew of index-based futures to widen its offerings to local investors, after starting a bullion index.
The Kotak Mahindra Bank Ltd.-backed exchange, the nation’s biggest venue for commodities, began a cash-settled bullion index futures on Monday and plans to start a similar product for base metals in a month followed by energy and farm commodities, Managing Director P.S. Reddy said in an interview.