Updates for commodity traders

We’ve added two features on MCX that address some of the everyday friction in commodity trading, managing entry and exits, and tracking contract-specific details.

GTT orders for MCX

Commodity prices often react to global cues such as geopolitical developments, currency movements, and macroeconomic releases, sometimes beyond regular market hours. Not everyone can monitor positions throughout the day.

With GTT, you can place long-validity orders for your commodity futures and options on MCX. Once set, these remain active for up to one year or until triggered, whichever is earlier. This allows you to plan your entry or exit in advance instead of tracking price movements constantly. Learn more about GTT orders here.

You can also place stoploss and target using GTT while taking positions by selecting the Stoploss and Target options in the order window.

If you already hold a position, you can create a GTT from the context menu in Positions or Marketwatch. Any changes to a GTT order can be made by going to Orders > GTT.

GTT for MCX is currently available on Kite web and will soon be available on the app.

MCX info widget

Unlike equity derivatives, commodity contracts don’t follow a single structure. Expiry dates differ across products. Some contracts move into a tender period. Lot sizes and tick sizes vary. Trading hours aren’t uniform. Settlement can be physical or cash, depending on the contract.

To reduce confusion, we’ve added the MCX Info Widget. It brings key contract details into one place—expiry date, last trading day, lot size, tick size, trading hours, and other contract specifications, so you don’t have to search for them separately.

To access the widget from the Kite app, tap on any MCX contract in the watchlist and then on Info.

On the Kite web, access it by selecting Info from the context menu.

Read more.

At Zerodha, we offer a single-ledger facility. This means you can trade commodities using the same funds you use for equity, no separate balance is required. Learn more about single ledger.

If you want to understand the basics of commodity markets, check out this module on Varsity.