I just stumbled upon this article on NCDEX Crude Oil contracts. It says 'a product with fixed currency rate' has been launched.
Can someone let me know- does this NCDEX product really hold an edge over the widely popular MCX Crude Oil contracts? Especially since this product is insulated from currency fluctuation
NCDEX is trying to push the contract, but like every new product its life on the exchange depends on its liquidity. So unless traders accept the product, it won’t really go anywhere. In this regard, MCX Crude oil has a huge edge and only time will tell if traders move from here to NCDEX.
It is a very interesting product though, where traders don’t have to worry about currency flucutuations while trading the contracts.
