After crude oil last month, market fears natural gas may also see negative price trading: exchange announces special auction window for exit opportunity
According to the MCX data, the share of natural gas in the total volume of the exchange has almost tripled, while that of crude has reduced by more than half
Asking members and clients to be extra cautious while dealing in crude oil, the exchange has said trading will be halted if the trading price falls to Re 1
Margin now fixed at 100%, with Rs 95,000 per lot as absolute minimum. So if crude falls below Rs 950, the margin will continue to be based on the price of Rs 950
MCX is considering interim measures to handle negative pricing on Nymex and the impact on its platform
Cases filed in high courts of plaintiffs' jurisdiction, exchange files caveat pledging opportunity for hearing
Exchange says cannot ascertain the date by which this would be achieved at this point in time
They say the exchange muscled its way in to force negative pricing on the contract without tweaking its software to protect traders, the way Nymex has done
The three commodity brokers that have filed separate petitions against MCX and Sebi in include Motilal Oswal Financial Services, PCS Securities, and Religare
Chances of huge defaults by investors, many of whom are retail traders gone long; On Nymex, there were actual trades in minus in which sellers were actually paying buyers to lift stocks
Brokers urge exchange and Sebi to work out an amicable price, as over 11,000 lots of open interest in the April contract were standing and couldn't be carried forward or squared off yesterday
In a first, MCX crude oil, too, expires below Rs 1,000
Traders book profit on gold and silver, MCX crude futures follow WTI, which hit a 21-year low of $18 a barrel
The two nations are meeting next week to work out a possible output cut
Metal prices declined between 3 per cent and 6 per cent on the Multi Commodity Exchange (MCX), toeing global move as selling pressure
Silver spot delivery at a huge premium: gold:silver ratio at a high of 121, indicating extreme weakness in silver
Significant fall in number of contracts traded since Friday, brokers advise clients to stay away from what they see as a very volatile market
Exchange says it covered price volatility risk adequately with no default occurring during the price decline; brokers, however, says some margin calls were triggered
The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%
Crude oil traded at Rs 4,265 a barrel on the MCX