Comment on Policy change for trading in cash-settled commodities
commented on
24 Apr 2020, 07:24 PM
Dear Team Zerodha
Is it not funny that we do not follow the concept in entirety. In the USA the prices went negative because long position holders did not want physical delivery. In our case since we do not have that option of taking physical delivery and compulsorily have to cash settle, the idea of negative pricing is absurd. Brent pricing can never go negative for the very same reason, that they are compulsorily cash settled. I hope that sense will prevail with the authorities and the correct mechanisms are put in place and followed. Blindly copying systems