What are the contract specifications for guar gum trading on MCX?
There are specific contract specifications for guar gum trading on MCX. These specifications define the standardized terms and conditions for trading guar gum contracts on the MCX platform.
Contract Specifications
The contract specifications for guar gum trading on MCX include:
- Symbol: The trading symbol for guar gum contracts is GARGUM.
- Contract Size: Each guar gum contract represents 1000 kilograms of guar gum.
- Price Quote: The price quote for guar gum contracts is in Indian Rupees per 100 kilograms.
- Tick Size: The tick size for guar gum contracts is 0.1 Indian Rupees.
- Expiry: Guar gum contracts have monthly expiry. The contract expires on the 20th of each month.
- Delivery Unit: The delivery unit for guar gum contracts is 10 metric tonnes.
- Delivery Centre: The delivery centre for guar gum contracts is at specified locations approved by the exchange.
- Margin Requirements: The exchange specifies the initial margin, additional margin, and special margin requirements for trading guar gum contracts. These margins need to be deposited by the traders.
Conclusion
Understanding the contract specifications is essential for trading guar gum on MCX. Traders should familiarize themselves with the symbol, contract size, price quote, tick size, expiry, delivery unit, delivery centre, and margin requirements to make informed trading decisions. By adhering to these specifications, traders can participate in guar gum trading on MCX with confidence.
By Astrobulls research pvt ltd