The NCDEX Commodity Exchange has received the approval from the SEBI (Securities and Exchange Board of India) to launch options trading in guar gum, chana, refined soy oil, and soybean.
Four guar gum options contract will be available for trading and will expire in November, December, January and February. Four chana options contracts that will be open for trading will expire in November, December, January and March.
Likewise, five soya bean options contracts and five refined soya oil options contract that will be open for trading will be expiring from November to March and December to April, respectively.
The general position limit for options in these commodities of guar gum, chana, refined soya oil, and soybean will be double the corresponding futures contract.
As of now, 16 commodities have traded on the NCDEX Commodity Exchange through 73 FPOs (Follow On Public Offers) from 12 States. Of these, four have traded in chana and 50 in soybean.
The National Stock Exchange (NSE) will also come into the commodity futures market on October 12, 2018, with the launch of three new contracts in gold (1 kg), silver (30 kg), and gold mini (100 grams).
The four new options contracts are expected to start on October 09, 2018, said the National Commodity and Derivatives Exchange, in a statement, as reported on the HINDU Business Line.
The NCDEX has already received SEBI’s nod to launch options trading in these additional commodities.
The National Commodity and Derivatives Exchange has received the Market Regulator’s approval to launch options trading in the four new commodities of soybean, guar gum, chana, and refined soy oil, on October 05, 2018, said a senior NCDEX official, according to a report on CommodityOnline.
The other required pre-launch arrangements are performed, and the NCDEX Commodity Exchange will start options possibly in the second half of the October month, said the official of the National Commodity and Derivatives Exchange.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]