Commodity bourses News

Sebi on Tuesday allowed options trading in commodities for deepening the market but permitted each exchange to launch these contracts for only one product initially, while asking bourses to follow robust risk management measures.

Leading commodity exchange MCX plans to launch options trading in the next quarter of this fiscal in a few commodities like bullion and crude oil following Sebi's decision to allow such trading on bourses.

The turnover of commodity bourses rose by 17 percent to Rs 5.43 lakh crore in April of 2015-16 fiscal as compared to Rs 4.64 lakh crore in the year-ago period, according to the Forward Markets Commission (FMC).

An IPF, registered as a trust, is created to protect the interests of clients of trading members of an exchange who may have been declared defaulters or expelled under the provisions of the bourse.