MCX plans spot commodity trading in industrial & precious metals and energy

Move will be a major development following Sebi's go-ahead to equity and commodity bourses to enter each other's domains

India's largest commodity derivatives exchange for metals and energy is now expanding in spot commodity trading and it plans to replicate its strength in metals, including precious metals, and energy contracts in the spot market as well. The move will be a major development following market regulator Sebi's nod to equity and commodity exchanges to enter each other's domains.

The country's oldest equity bourse, the Bombay Stock Exchange, has already announced plans to enter commodity derivatives and set up a spot exchange for gold. MCX's articles of association don't allow it to expand into unregulated areas. However, the finance ministry is