Multiple catalysts ahead for MCX

Analysts say MCX could first launch options in gold and then in two-three more commodities by FY19

Final guidelines for trading in commodity options, issued last week, are a key positive for the Multi Commodity Exchange of India (MCX). 

The bourse could commence options trading in August-September and this segment is likely to contribute 10-11 per cent of FY19 revenue; it might not be significant in FY18. This is because it may start options trading in only one commodity at a time. 

Analysts believe MCX could first launch options in gold and then in two-three more commodities by FY19. In the long run, analysts at ICICI Securities expect commodity options to gradually outgrow the commodity futures market,