TH: Futures contract in natural gas, bullion launched
NEW DELHI: The country’s largest commodity bourse MCX on Wednesday launched three futures contracts in natural gas and bullion for expiry in January and February 2010, respectively.
MCX said an individual trader interested in the natural gas contract can trade up to 50,00,000 million British thermal unit (mmBtu), while members can have exposure of up to 2,00,00,000 mmBtu.
In gold HN1 contract, trading members and individual clients are allowed to trade up to six tonnes and two tonnes of gold, respectively, the exchange circular said.
The trading limit for members in silver HN1 contract is 150 tonnes, while for clients it is up to 50 tonnes, it added. — PTI
