Today Lme Inventory - Mcx Commodity Live Market Watch
Wednesday, August 9, 2017

Today Lme Inventory

MCX to use LME prices for futures settlement.


London Metal Exchange (LME) has signed a licensing agreement with the Multi Commodity Exchange of India (MCX), according to which MCX would use the current prevailing prices on the LME for settling future contracts.
The agreement, signed for three years now, would be renewed depending upon the response from Indian traders.
Under this agreement MCX would flag off future contracts for aluminium, tin and nickel in small lots sizes of 1 metric tonne and would probably expand its wings to other metals in future.
Pricing of these commodities would be quoted in rupee term. “This is the first time LME has signed any such agreement outside United Kingdom and LME is confident of its overwhelming response from Indian traders,” said Simon Heale, chief executive, LME.


Today Lme Inventory Reviewed by Satar Chaki on 11:46 AM Rating: 5 MCX to use LME prices for futures settlement. London Metal Exchange (LME) has signed a licensing agreement with the Multi Commodity Ex...

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