FMC ordered MCX to discontinues gold, silver contracts expiring 2015

Leading the commodity exchange MCX said Wednesday that six futures trading contracts of gold and silver with maturity in 2015 stopped, due to procedural problems. And this will effective yesterday on 1 May 2014.

FMC ordered MCX to discontinues gold, silver contracts expiring 2015

Forward Markets Commission (FMC) is another played hardball with MCX and ordered MCX to discontinues gold, silver contracts expiring 2015 along with cotton futures.

According to sources, these futures MCX was launched without the Commission permission. Also in Gold February 2015, Cotton March and April 2015 deal to end immediately ordered the FMC.

The Exchange withdrew gold contracts expiring in April 2015 and three “Silver 1000” contracts each set expiring in January, February and March next year.

MCX stopped a contract “Silver Mini” and contract “Silver” that were to expire in February and March next year, starting April 29.

However, MCX clarified that the contract will be launched again after to complete the started process. Gold – Silver and cotton futures also traded in the years ahead. But before you can restore Exchange shareholding pattern, FMC’s permission is required before launching the new contract.

Source By PTI News

For more MCX Commodity Market news from 100Mcxtips commodity advisory, follow us on Twitter (https://twitter.com/100mcxtips) and on Facebook at (https://www.facebook.com/100mcxtips)

Advertisements

100McxTips is an experienced Mcx Commodity Research Advisory to predict investors buying and trading trends at various market environments. For free trial advisory on commodity Gold, Silver, Crude, Copper and all Indian Commodities kindly visit us and submit an query form at 100mcxtips free trial tips here.

Posted in Commodity, MCX

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Free Crude Oil Tips
Free Trial Crude Trading Tips
Contact & Visit Info
+91-761-4012307
M-Sat : 10am - 7pm
NG Trading Tips
Free Trial Commodity Tips
Disclaimer: 100McxTIps would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Bulloin Futures prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore 100McxTips doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
%d bloggers like this: