# MCX launches futures trading in their Base Metal Index- MCXMETLDEX

**URL:** https://tradingqna.com/t/mcx-launches-futures-trading-in-their-base-metal-index-mcxmetldex/92907
**Category:** Commodities
**Created:** [October 19, 2020, 7:08am UTC](https://tradingqna.com/t/mcx-launches-futures-trading-in-their-base-metal-index-mcxmetldex/92907 "2020-10-19T07:08:56Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![MohammedFaisal](https://tradingqna.com/user_avatar/tradingqna.com/mohammedfaisal/32/3680_2.png) [@MohammedFaisal](https://tradingqna.com/u/MohammedFaisal)
#### Post date: [October 19, 2020, 7:08am UTC](https://tradingqna.com/t/mcx-launches-futures-trading-in-their-base-metal-index-mcxmetldex/92907/1 "2020-10-19T07:08:56Z")

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After the launch of [futures trading in the Bullion index](https://tradingqna.com/t/mcx-launches-futures-trading-in-their-bullion-index-mcxbulldex/88117) in August 2020, MCX has now launched the futures contracts for the base metal index - **iCOMDEX Base Metals**. This index tracks the 5 popular base metals i.e., Aluminium, Copper, Lead, Nickel and Zinc.  
 ![image](https://tradingqna.com/uploads/default/original/3X/e/3/e3c1e3f86fa7e31d0acbceb3ab2afbbc2e9db555.png)

**MCXMETLDEX Futures**

Highlights:

- The contract will be a monthly contract expiring around the 18th of every month(This is 3 days before the start of the tender period for the underlying futures contracts).
- The lot size of the contract is 50 units of the index. Everyone Rs 1 rupee movement in the contract will result in a Rs 50 Profit or loss
- The index is trading around 11954.73(as of 16 Oct '20), which makes the contract value of about 6L.
- Margin required to trade will be 8%(SPAN +Exposure) of the contract value.  
The contract will be cash-settled on expiry.

The futures contract for the Based metal index is available to trade on Kite under the trading symbol- **MCXMETLDEX**.  
Only the current month contract is allowed to trade under the NRML product type. We will soon be opening MIS/CO and other month contracts based on the liquidity situation of the contracts.

Here is the [product note](https://www.mcxindia.com/docs/default-source/products/mcx-icomdex/icomdex-basemetals-futures-leaflet.pdf?sfvrsn=80f36691_2) and the [contract specification](https://www.mcxindia.com/docs/default-source/products/mcx-icomdex/contract-specifications-of-mcx-icomdex-base-metal-index-futures.pdf?sfvrsn=b9fc6691_0) from MCX.