Motilal Oswal
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Motilal Oswal

MCX plans forex derivatives foray

Updated : July 05, 2018 06:46 AM IST

The Multi Commodity Exchange of India (MCX), the country's largest commodity bourse, plans to enter the currency derivatives segment.

Speaking to CNBC-TV18, Mrugank M Paranjape, managing director and chief executive officer, said that company see better opportunities in the commodities ecosystem, but will expedite our entry into the currency segment.

“The entire foray in terms of these commodity repository is not so much the financial investment only, it's our engagement with the physical market,” Paranjape said.

According to Paranjape, MCX is seeing a good traction and we hope we will continue with that over the next quarters.

“Definitely, metal and crude will drive our growth for sometime. Bullion has been a bit muted. But, our growth will be continue to driven by energy and metals,” he further mentioned.
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