MCX backed by Kotak expects more index futures after bullion

MCX backed by Kotak expects more index futures after bullion

By Swansy Afonso

Multi Commodity Exchange of India Ltd. plans to launch a series of index futures to expand its offerings to local investors, after launching a bullion index.

The exchange backed by Kotak Mahindra Bank Ltd., the country’s largest commodities platform, on Monday launched a cash-settled bullion index futures contract and plans to launch a similar product for base in a month,…

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