As opposed to risk-averse investors, there are investors who possess or who prefer to assume risk. In other words, they have an unwanted appetite for risk – some of them because they are financially rotund, while others because of the titillation they experience by taking on higher amounts of risk.
While, for a lot of investors in the stock market the tale ends with dealing in either shares or government securities, rational arcane investors look to another class of assets, among which one of the classes is commodities.
Various mcx holidays , We are going to discuss a few of them. Scroll for our mcx holidays 2022 calendar.
MCX Holidays 2022
WHAT IS MCX?
Multi-commodity Exchange (MCX) is a government-owned Indian commodity exchange which comes under the Ministry of Finance. It is a medium through which the largest trades in future contracts are executed.
Securities and Exchange Board of India (SEBI) has time and again issued best practice guidelines for the operation of commodity exchanges.
Furthermore, in 2019 the Government in India has introduced the provision of trading in options with commodities as underlying.
The MCX, to comply with the International Organisation of Securities Commissions (IOSCO), launched the MCX India Commodity Indices (MCX iCOMDEX) – which consists of indices of different commodities.
In April 2022 MCX collaborated with the Chittagong Stock Index, to establish Bangladesh’s first commodity exchange.
Trading in commodity markets, more specifically through the MCX are traded between a particular time slot. As opposed to the trading time for securities such as shares, the time for trading for commodities is more liberal.
Recently, only in March of 2022, the government of India via the Ministry of Finance has revised the window for trading in commodities through or on the MCX.
On account of shifts in the US daylight savings timings, now investors can trade from 9 AM to 11:30 PM on the MCX. However, this change of time shall only be applicable to non-agricultural commodities.
Agricultural commodities, on the other hand, can be traded till 9 PM. The residual commodities shall be available for trading till 5 PM. Trade modifications and position limit or collateral value setup/cut-off end time shall be allowed till 11:45 PM.
It is proposed that after the end of US daylight savings of the spring season, trading in the internationally referenced trade commodities will be available till 11:55 PM.
An additional buffer of 15 minutes in case of all classes of commodities shall be given for making modifications in the client code. As opposed to the share or the security market which is open for trading from 9:15 AM to 3:30 PM from Monday to Friday.
The investors can utilize the Trader WorkStation (TWS) – which is concomitant with various features such as best sell, best buy, last traded price, open interest etc.
Investors can order goods such as Good till Cancelled (GTC), Good till Date (GTD), Immediate or Cancel (IOC) to execute their trades within the stipulated time.
TIMINGS FOR TRADING IN MCX
MCX PRODUCTS
The MCX provides an eclectic mix of products for the investors. These products provide flexibility for the investors per say as they can, based on their comfort and investment objective, choose to select in multiple avenues of commodities.
One may choose to invest in Agricultural commodities such as cotton, crude palm oil, Kapas, Mentha Oil and Rubber.
The second class of commodities which an investor may invest in are Bullion. It has separate schemes or avenues such as Gold, Gold Mini, Gold Guinea, Gold Petal, Silver, Silver Mini and Silver Micro.
An investor can also prefer to invest in base metals such as Aluminium, Copper, Nickel, Lead etc. Investors can choose to even invest in Energy sources such as Natural Gas or Crude Oil.
Furthermore, the MCX iCOMDEX provides indices where investors can invest in as well.
MCX HOLIDAYS
There are several holidays that are mentioned or released by the government where the trades would not be functionally executed. For instance 26th January (Republic Day) and 2nd April (Good Friday).
Certain national holidays which fall on the weekends and as such would be included in the ambit of no trading activity such as those on 10 April (Ram Navami), 10 July (Bakr-Eid) and 2nd October (Gandhi Jayanti).
Holidays can be classified as trading holiday and clearing Holidays.
MCX Holidays include a total of 13 holidays such as 1st March (Mahashivratri), 18th March (Holi), 15th April (Good Friday), 15th August (Independence Day), 24th October (Diwali) among others.
Clearing holidays are days when the banks are shut so the order is executed on the next working day.
These include 16 holidays such as 15th April (Good Friday), 3rd may (Eid-Ul-Fitr), 9th August (Moharram), 31st August (Ganesh Chaturthi), 5th October (Dusshera) among others.
In this article we have covered few holidays that are held in mcx holidays 2022 calendar.
Frequently Asked Questions(FAQ's)
Q1. Is the commodity holiday List 2022?
As per the list released by commodity, there will be 13 days when no trading will take place through the year in addition to no trades on every Saturday and Sunday.
Q2. Who is the owner of MCX?
MCX is under the ownership of Ministry of Finance under the Government of India.
Q3. Is MCX a monopoly?
MCX is a classic example of a monopoly. It has monopoly or exclusivity of trade in base metals, bullion metals and crude oil trading in India.
Q4. How many commodities are traded in MCX?
MCX provides various options of commodities to be traded to the investors. One may choose to invest in Agricultural commodities such as cotton, crude palm oil, Kapas, Mentha Oil and Rubber.
The second class of commodities which an investor may invest in are Bullion. It has separate schemes or avenues such as Gold, Gold Mini, Gold Guinea, Gold Petal, Silver, Silver Mini and Silver Micro.
An investor can also prefer to invest in base metals such as Aluminium, Copper, Nickel, Lead etc. Investors can choose to even invest in Energy sources such as Natural Gas or Crude Oil.
