MCX to Start Trade in Micro Futures in Silver

Reuters reports that Multi Commodity Exchange,will begin From Firday trade in micro contracts in silver, intended to attract smaller traders and jewelers.

The market news is quoted as saying:

“MCX has always taken the lead in developing different contract denominations to accomodate the need of varied market participants. Silver micro is another product for investments and a hedging tool,” said P.K. Singhal, deputy managing director, MCX.

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