Comment on Policy change for trading in cash-settled commodities

Chandra Shekar commented on 24 Apr 2020, 09:34 PM

What happens if crude suddenly moves $-100 as it happened for Apr settlement. MCX has 3% circuit limit. It takes fullday to reacy there? How will you settle funds in this case? How margin system works? is 300% sufficient? You may need %1000 margin? Why are you allowing clients to trade on faulty MCX/broker system? Who will pay for losses

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