MCX seeks Sebi nod for schemes to boost gold options volume

Sebi has specified guidelines for certain volumes in existing gold options contracts before allowing contracts of smaller denominations

The Multi Commodity Exchange (MCX) has sought approval from the Securities and Exchange Board of India (Sebi) for introducing liquidity enhancement schemes for its recently launched gold options contracts.
 
“MCX is facing some issues with gold options contracts. It has sought permission to launch liquidity enhancement schemes to boost volumes. We are considering it,” said Sebi Chairman Ajay Tyagi on Tuesday on the sidelines of an event organised by the Association of Investment Bankers of India.
 
Launched in October, MCX’s gold options contracts have not taken off. Their daily average turnover declined to Rs 130 crore in November