TRADING CRUDE OIL MINI
CONTRACT AT MCX
1.
REFERENCE MARKET
CME Group - NYMEX
Division (New York Mercantile Exchange), U.S.A
2.
MARKET TIMINGS
NYMEX trading hours
(U.S. local time) 9:00am to 2:30 pm
At MCX – 10:00 am –
23.30pm (IST)
3.
PRICE QUOTE IN INTERNATIONAL MARKET
USD per Barrel
4.
LIVE / HISTORICAL PRICES AVAILABLE AT
§ Bloomberg – “CL”
§ Reuters
– “ CL ”
5.
NEWS OR MARKET INFORMATION AVAILABLE AT
§ Bloomberg
§ Reuters
§ Investing.com
6.
CONTRACTS AVAILABLE ON MCX
§ January 2015 contract
§ February 2015
contract
§ March 2015 contract
§ April 2015 contract
§ May 2015 contract
§ June
2015 contract
7.
CONTRACT SIZE
10 barrels
8.
CONTRACT VALUE:
10 * (USD 55/bbl * 62
INR) = Rs. 34,100
(Current Price per
barrel is USD 55 / bbl and current exchange rate is INR 62 per USD)
9.
PRICE QUOTE
Rs. per barrel
10.
TICK SIZE
Rs. 1 per barrel
11.
PROFIT / LOSS PER TICK FOR A CONTRACT
Rs. 10
12.
DAILY PRICE LIMIT
4%
13.
MARGIN
5% (Approx. Rs. 1705
per contract)
14.
AVERAGE DAILY VOLATILITY
1.72% (for the last 1
year)
15.
DELIVERY
Both Option
16.
DUE DATE RATE
DDR is calculated on
the last trading day of the contract on the basis of the market price of crude
oil, ex-Mumbai, excluding all taxes, levies and freight, as available for this
variety from various market sources and converted at the Rupee-US Dollar rate
prevailing on expiry.
17.
CME (NYMEX - Division) Price movement CME (NYMEX - Division) (USD)
|
MCX
(INR)
|
0.01
|
0.61
|
0.10
|
6.19
|
0.50
|
30.97
|
1
|
61.94
|
Current USD – INR
exchange rate is Rs. 61.94 per 1 USD.
18.
CONTRACT COMPARISON
Specification
|
MCX
Crude oil Mini
|
MCX
Crude oil
|
CME
|
Lot
Size
|
10
barrels
|
100
barrels
|
1000
barrels
|
Price
Quotation
|
Rs.
/ barrel
|
Rs.
/ barrel
|
USD/
barrel
|
Tick
Size
|
Re.
1
|
Re.
1
|
USD
0.01 / barrel
|
Expiry
Date
|
Usually
19th day of contract month
|
Usually
19th day of contract month
|
Usually
20th of every month
|
For More details
Rajeesh.R | Business Development |
MCX (www.mcxindia.com) | Gr.Floor, Omega Wing, (Annexe
Building) Raheja Towers, 177 General Patters Road, Anna Salai | Chennai -600
002 | Direct: +91 - 44- 28601682
rajeesh.r@mcxindia.com
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