Please help with tool for commodities like Opstra and Sensibull

I am in search of tools for commodities trading like we have Opstra and Sensibull.

Also, is commodities options trading worth a try?

Depends,which instruments you want to trade?

Liquidity is an issue at MCX on commodity option and spread across few selected strikes. You can’t expect to have it like Nifty, Bank Nifty etc. Also commodity options cannot be traded till end of session on expiry day unless you maintain the full margin. This is because commodity options devolve into futures on expiry.

Commodity trading is not as popular in our country like equity index derivatives. Hence am not aware of any. There are trading platforms with commodity option chain and greeks. But they do not come with strategy builders yet.

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But there are traders who are primarily commodity traders who started decades ago, before the internet and the current markets. So commodities segment did not evolve big after all the technical advancements?

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Globally commodity market is around 3X the size of Equity market. Not the case in our country though. May be regulations were the reason. MCX started in 2003 but the big players were allowed to participate fairly recently.

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I am talking about traders who are in the business decades ago, when there was no regulatory watch as such. Didn’t they all come to the market as there is technology now and as they have got a lot of experience and they can grow.

Or they still exist and are below the radar, so this is not counted as commodities market?

Or they deal with different commodities not listed on MCX?

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Well institutions bring liquidity in the market not isolated retail trading pockets which by the way is not as big as the equity segment. The old guys may be there may be not.

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Thanks for your reply.

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