Latest news with #ElectricityFuturesContracts
Time of India
6 days ago
- Business
- Time of India
MCX hit by technical glitch, trading halted since market open
Trading on the Multi Commodity Exchange (MCX) faced a temporary suspension on Wednesday morning due to a technical glitch. The exchange anticipated resuming operations by 10:10 am. Zerodha, a stock and commodities broker, alerted clients about the issue, advising them to utilize the NSE Commodity segment (NCO) for order placement during the outage. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Trading on Multi Commodity Exchange ( MCX ) was suspended on Wednesday morning following a technical glitch. The commodity exchange said it is expected to resume business by 10:10 and commodities broker Zerodha informed clients that MCX is currently facing an issue and is not accepting orders across all brokers. 'In the meantime, you can place orders in the NSE Commodity segment (NCO),' the broker said in a note to has not immediately disclosed the reason behind the February last year, India's largest non-agri commodity exchange, MCX, was hit by a glitch that led to a four-hour suspension of operations. The issue was believed to be related to its transition to a new trading bourse has previously faced challenges related to its technology transition from 63 Moons to TCS. MCX offers trading in commodity derivative contracts across various segments, including bullion, industrial metals, energy, and agricultural this month, it introduced Electricity Futures Contracts to meet the growing demand for structured electricity price risk management contract will be available for all 12 calendar months, with trading initially open for the current and next three months.
Business Upturn
08-07-2025
- Business
- Business Upturn
MCX to launch India's first Electricity Futures after SEBI approval
The Multi Commodity Exchange of India Ltd. (MCX), India's largest commodity derivatives exchange and the world's leading commodity options exchange (FIA, 2024), is set to launch Electricity Futures Contracts on Thursday, July 10, 2025. The move follows the Securities and Exchange Board of India's (SEBI) recent approval in June 2025 and marks a major step toward deepening India's energy derivatives market. This new electricity derivative will offer a vital hedging tool to power generators, distribution companies (discoms), large industrial users, and financial market participants. Amid rising electricity demand, volatile fuel prices, and evolving energy market dynamics, MCX sees this launch as timely and essential for risk management and price discovery. The Electricity Futures Contract will: Be traded in 50 MWh lots Be quoted in INR per MWh (excluding taxes and levies) Be available for all 12 calendar months, with trading initially open for the near four months Be cash settled based on the Volume Weighted Average of the Unconstrained Market Clearing Price (UMCP) in the Day Ahead Market (DAM) at Indian Energy Exchange (IEX) SEBI's Daily Price Limits (DPL) will apply, starting at 6% and extendable to 9%. Margins are set at a minimum of 10% or volatility-based VaR, whichever is higher. Client-level open positions are capped at 3 lakh MWh or 5% of total market-wide open interest—whichever is higher. The introduction of electricity futures is expected to bring greater liquidity, transparency, and depth to India's evolving power market, while also offering investors a new avenue for portfolio diversification. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
