Axis Securities offers commodity futures trading to its customers on MCX

ASL has also applied for membership to the NCDEX to make available to its customers commodity futures currently active on this exchange

About a year after the Reserve Bank of India (RBI) cleared the decks for banks to enter commodity derivatives trading, Axis Bank has become the first bank to enter commodity futures through its equity broking arm Axis Securities (ASL). 

ASL has started offering its customers futures trading in commodities -- bullion and energy, to begin with -- currently being traded on the Multi Commodity Exchange (MCX). Depending on the initial response from its customers, the broking firm will expand its product basket for other non-agri and agri-commodity offerings.

ASL has also applied for membership to the National Commodity and Derivatives