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Sebi rejects MCX, NCDEX demand for cross margin facility on ...
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Sebi rejects MCX, NCDEX demand for cross margin facility on ...
16 October 2024
The Securities and Exchange Board of India (SEBI) has rejected the request from the Multi Commodity Exchange (MCX) and National Commodity Derivative Exchange (NCDEX) for a cross-margin facility on commodity indices, according to sources who spoke to Moneycontrol. This facility would have allowed traders to hedge their positions at the same margin while taking opposite positions on indices.
The Securities and Exchange Board of India (SEBI) has rejected the request from the Multi Commodity Exchange (MCX) and National Commodity Derivative Exchange (NCDEX) for a cross-margin facility on commodity indices, according to sources who spoke to Moneycontrol. This facility would have allowed traders to hedge their positions at the same margin while taking opposite positions on indices.
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