MCX, NCDEX launch futures contracts in commodities

The country's two major commodity exchanges, MCX and NCDEX, on Wednesday launched futures contracts in 14 commodities to be expired between February and May.

NCDEX unveiled futures contracts in eight commodities -- yellow soybean meal, RBD palmolein, nickel cathode, zinc ingot, aluminum ingot, brent crude oil, thermal coal and certified emission reduction, the exchange said in a circular.

MCX launched contracts in gold, heating oil, gasoline, natural gas, sliver HNI and aviation turbine fuel (ATF). The futures contracts will expire between February and May and the trading specifications will remain unchanged, the exchanges said.

According to official data, MCX and NCDEX generated a turnover of Rs 2,86,953 crore (Rs 2,869.53 billion) and Rs 46,648 crore (Rs 4,6.48 billion), respectively, in the first fortnight of January.