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19 Oct 2020, 05:47 PM
Base Metal Index launched on MCX
MCX has launched futures contracts for the base metal index. This is available on Kite under the trading symbol- MCXMETLDEX. The index tracks the 5 popular base metals: Aluminium, Copper, Lead, Nickel and Zinc. The contract will be cash-settled on expiry.
Only the current month contract is allowed to trade under the NRML product type. Based on the liquidty, MIS/CO and other month contracts may be made available soon.
Here is the product note and the contract specification from MCX.
Follow this Tradingqna discussion to learn more.