COMMENT – Lessons from the Chinese Commodities Derivative Markets

pix-IIM-Ahmedabad.jpg

Prof. Joshy Jacob, IIM Ahmedabad The Chinese commodities derivatives market has grown at a rapid pace in the recent past. Today, the Chinese commodities derivative exchanges are among the top-five globally. Out of the top-15 futures contracts in the world, nine are traded at the Chinese exchanges. Our recent field study on the Chinese markets […]

Read more

Indian commodity exchanges report 38% decline in daily volumes during May 2020

Indian commodity exchanges have reported 38 per cent decline in commodity derivatives business since the Covid-19 pandemic started spreading across the country. Between February and May, the daily average turnover in commodity futures trading slumped by 38%. India’s largest commodity exchange, the Multi Commodity Exchange of India (MCX), reported its daily average turnover (DAT) at Rs 15,658 […]

Read more

India’s SEBI allows commodity exchanges to introduce options in a “game changer” move

sebi2.jpg

The Securities and Exchange Board of India (SEBI) has allowed commodity derivative exchanges to launch “options” contracts for trading on exchange platforms, a move that is expected to transform the market both in terms of products and participants. Up until now, the only instrument available in the commodity derivatives market were “futures” on individual commodities. […]

Read more