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NYMEX AND ON MCX
MCX releases key enabler tech to facilitate negative pricingBrokers said tech adaptation process could take 3-4 months- MCX offers exit option in event of negative crude priceSays exit will be prospective and not affect settlement of past contracts.
- Investor in oil future contracts approaches Delhi HC for relief against MCX, SebiSEBI and MCX officials were not immediately available for the comments.
- MCX pays Rs 242 crore to clearing members: ReportThe bourse said it has deposited payin and payout including Rs 242 crore to clearing members.
- Big brokers might knock HC door today to stop crude oil payout on MCXUnlike the Nymex one, MCX trading system is not equipped to handle trades quoting below zero.
- Crude bulls’ losses rise by Rs 332 crore on April 20 expiryBrokers might seek legal remedy to stop settlement which will happen at 11 am Wednesday
- Brokers on edge as Crude oil bulls face extra Rs 332 crore cumulative lossMCX’s clearing corporation fixed the provisional due date rate at Re 1 on Monday post closing.
- Clients long crude in dire straits as April crude settles at provisional Re 1The provisional rate will mean a loss of Rs 96,400 per barrel for those on Long side.
- MCX crude might test Rs 5,000 a barrel soonThe intraday price of the near month contract on commodity exchange MCX was Rs 4786/bbl.
- Are local crude traders more prescient than Western counterparts?An interesting divergence was witnessed between crude futures traded on Nymex and on MCX, a mirror contract of the former.
- Crude oil could slip by 11% more in Rupee termsOil on Nymex fell to $26.19 a bbl on Wednesday, its lowest since May 8, 2003. Tracking this, crude on MCX plummeted to a seven-year low.
- Here’s how to double your money on crudeEven as crude tumbled to a six year low of $34.67, US-based Nymex advised clients to build risky, bearish bets in crude for 2-fold returns.
- Sudden rise in crude price shocks bearsThe crude contract on MCX is a paper one that takes price cues from the contract on Nymex, a designated marketplace of the CME group, the w...
- Arbitrageurs building positions in natural gas counter on MCXnatural gas counter on MCX has been abuzz with activity because persons called arbitrageurs are building positions in the counter, along wi...
- MCX world's 3rd largest bullion exchangeMCX is now third largest bullion exchange in the world after NYMEX and Tokyo Commodity Exchange.
- MCX-Nymex spread oils punters’ kittySure, we follow international markets. But we don’t always trail them. In crude oil, gold, silver and copper, futures contracts on Indian b...
- Nymex initiates talks to acquire 9% stake in MCXNymex is in talks to acquire a 9% equity stake in MCX, but both the parties deny any comments.
- MCX ranks 2nd in natural gas tradingThe Multi Commodity Exchange of India (MCX) now ranks second only to Nymex in natural gas in terms of volumes traded, the company announced...
- Domestic commodity bourses join the big leagueIn a span of less than five years, Indian commodity exchanges have made a mark and nothing can be a better testimony to this than a United ...
- Govt not considering further oil price hike: DeoraUnion Minister for Petroleum and Natural Gas Murli Deora on Monday categorically ruled out a hike in domestic oil prices against the backdr...
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