New Delhi, Aug. 18 -- The Multi Commodity Exchange of India (MCX), the country's leading commodity derivatives exchange, has announced modifications to the contract specifications of Nickel futures, including changes to the trading unit, expiry date, and delivery arrangements, in a bid to enhance market efficiency.

The trading unit has been reduced to 250 kgs from 1,500 kgs, effective from the September 2025 expiry contract onwards. The last trading day has also been shifted from the last calendar day of the expiry month to the third Wednesday of the month, or the preceding working day in case of a holiday.

Additionally, MCX said there will no longer be designated additional delivery centers at Chennai, NCR, and Kolkata. However, in lin...