FMC approves futures trading of ATF

Written by Agencies | New Delhi, April 30: | Updated: May 1 2008, 00:44am hrs
Commodity Market regulator Forward Markets Commission has approved futures trading of aviation turbine fuel (ATF) for April-December, as sought by leading commodity exchange MCX.

MCX is planning to launch the contract after studying the current environment, sources said, adding that exchange will not be in a hurry to introduce it. MCX has also got approval for launching red areca nut futures from July to December next.

The market regulator has cleared the launch of Robutsa coffee, nickel, zinc and aluminium contracts of NCDEX.

NCDEX has received the nod for metal futures, which may be launched between July and December while its Robusta coffee contract would be a quarterly contract starting from December 2008 to October 2009.