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The stock of MCX rallied close to 30 per cent last week thanks to SEBI giving its nod for the launch of options by commodity derivative exchanges. Investors gave a thumbs up to MCX, the only listed commodity exchange, as this is likely to attract more participants and increase volumes in the commodity market.
The exchange claims a total market share of 84.3 per cent of the commodity derivatives market. Earlier last week, the exchange had announced a rise in transaction charges.
Transaction charges on non-agri commodities have been increased by about 25 per cent. Charges on agri commodities have risen from a dual rate of 75 paise per lakh for turnover up to ₹20 crore and 50 paise per lakh on incremental turnover above ₹20 crore to a flat ₹1.75 a lakh.
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