Dear Trader ,
Please make a note that, MCX has launched Nov-07 Nickel contract today. The launch got delayed for few days due to couple of modifications we sought from FMC. The Tick size is now increased to 50 paise (from 10 paise). I am sure we all understand that intra day players need minimum remuneration (at the tick size) after considering the transaction charges. With Nickel 10 paise tick, rewards were not working out well, hence the upgrade to 50 paise.
Secondly, now the maximum order size is of 24 Mts (96 lots) to match the import tonnage which comes in Full Container Load (FCL) of 24 Mts.
There is no change in the Sept-07 and Oct-07 Nickel contracts – modifications are being carried out from the fresh launch onwards.
Regards,
Kamlesh Jogi
Source : MCX
Subscribe To Commoditytalk !
Posts
Comments
