MCX Crude Oil Mini

MCX Crude oil Mini

MCX Crude oil Volumes 2014..

MCX Crude oil Mini Contract: An Overview

Parameters	WTI Light sweet crude Oil
Trading Unit	10 Barrels
Price Quotation	Rs./bbl
Tick Size	Rs. 1
Daily Price Limit	4%
Initial Margin	Minimum 5% or based on SPAN whichever is higher
Price Movement per Tick	10
Delivery Logic	Both Option

Salient Features

• Reference Market: CME Group - NYMEX Division (New York Mercantile Exchange), U.S.A

• Contract Size: 10 barrels

•Contract Value: 10 * (USD 76.51/bbl * 61.94 INR) = Rs. 47,390

•Initial Margin: 5% (Approx. Rs. 2369 per contract)

•Contracts Available on MCX: January 2015 contract February 2015 contract March 2015 contract

Contract will be available for futures trading with effect from Tuesday , January 6th 2015.

Major Price Movers of WTI crude oil..

•Geo-political scenario

•WTI fundamentals

•U.S. Inventory levels (Every Wednesday 8 PM IST)

•OPEC policies and production quota

•U.S. Weather conditions

•Dollar Euro direction

•Global Economic conditions

Some other factors

•Economic Data

•GDP Growth

•Industrial Production

•Manufacturing Inventories

•Personal Income

•Trade Balance

•Unemployment Rate

WTI Crude Oil Daily Volatility

Average daily volatility for last 1 year till 24th Nov 2014 was 1.72%

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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