Multi Commodity Exchange of India (MCX) has launched the country’s first-ever futures contracts MCX iCOMDEX Bullion or Bulldex. Having gold and silver as underlying, the Bulldex will have a market lot size of 50 and, unlike gold and silver contracts, it will be a cash-settled futures contract, thus making it attractive for hedgers and retail investors.
MCX iCOMDEX Bullion Index Futures contracts (Symbol: MCXBULLDEX) expiring in the months of September 2020, October 2020 and November 2020 will be available for trading with effect from Monday, August 24, 2020.
As per the MCX circular dated 14th August, it has been decided that no exchange transaction charges will be levied on MCX iCOMDEX Bullion index futures contracts up to November 23, 2020 in order to encourage active participation and for the market development of index products.
To know more on this, watch an exclusive Awareness Session on Commodity Indices Futures – conducted by MCX India for FYERS users on commodity indices futures.
For contract specifications of MCX iCOMDEX Bullion Index Futures – Refer this.