MCX Revises Transaction Fees: The Multi Commodity Exchange of India (MCX) has announced changes to the transaction fees for its futures and options contracts, which will come into effect from October 1, 2024. According to the new fee structure, the transaction fee for futures contracts will be ₹2.1 per lakh turnover, while for options contracts, it will be ₹41.8 per lakh premium turnover value.
MCX stated in a release that these changes have been made in accordance with directives from the Securities and Exchange Board of India (SEBI). The exchange cited SEBI’s circular “Charges Levied by Market Infrastructure Institutions—True to Label,” issued on July 1, 2024, as the basis for the revision. MCX’s notifications on July 10, 2024, and September 13, 2024, were precursors to this fee revision.
MCX’s Commodity Derivative Contracts
MCX offers commodity derivative contracts across various segments, including gold, silver, industrial metals, energy, and agricultural commodities. The exchange also provides index-based contracts. Notably, MCX was the first exchange in India to offer commodity options and futures contracts on bullion, base metals, and energy indices.
As of June 2024, MCX held a 97.84% market share in terms of the value of traded commodity futures contracts, solidifying its dominant position in the Indian commodity market.
