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Risk Management Through Bullion Derivatives A workshop by MCX

283 Days ago

Durg (Chhattisgarh), September 18, 2015: In an attempt to educate, and enhance the knowledge of the bullion value chain participants about the benefits of price risk management and price discovery, Multi Commodity Exchange of India Ltd. (MCX) and Bhilai Sarafa Association organised an awareness programme in association on September 18, 2015 at Durg (Chhattisgarh).

The programme was designed to help the bullion stakeholders to gain insight into the world of commodity futures market, fundamentals of commodity trading, current practices, functioning of commodity exchanges and hedging opportunities.

During the sessions, expert from MCX, briefed the market participants about the futures contracts offered in bullion, base metals, energy and agri segments on its platform to suit the requirements of the participants from commodity spectrum. While highlighting about the benefits of Gold futures contracts, the experts said that the availability of these contracts with different lot sizes have helped both direct and indirect stakeholders, as a cost effective price risk management platform, through efficient price discovery, and most importantly high price transparency in the gold economy.

Mr. Sunil Jain, President, Bhilai Sarafa Association said, “Given the unpredictable nature of the bullion market it would definitely be an intelligent move for the bullion stakeholders to turn to futures trading as an efficient and effective way to manage their risk exposures.”

“It was quite intriguing to note that MCX has the best hedging efficiency in gold contracts among Indian exchanges, which is globally comparable”, he added.

Market participants had enriching discussion during the Q&A phase of the session as they got an opportunity to have their queries answered by MCX experts.

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