mumbai, April 22 -- India's largest commodity derivatives exchange has opened its doors wider to foreign investors in its biggest segment, after a previous attempt to secure their interest did not take off as expected.
On Saturday, the Multi-Commodity Exchange of India Ltd (MCX) allowed FPIs under the categories of individuals, family offices and corporates into oil and natural gas derivatives, which made up 77% of MCX's March turnover. The move, which takes immediate effect, comes at a time of increased activity in energy derivatives worldwide.
Crude oil and natural gas derivatives contributed Rs.20.74 lakh crore to MCX's total futures and options turnover of Rs.26.83 lakh crore in March. MCX said FPIs will be allowed position limits of ...