Multi Commodity Exchange of India (MCX) has received an approval from market regulator Securities and Exchange Board of India (SEBI) to launch futures contract in brass. The leading exchange is planning to launch futures contract in brass next month.
This contract unlike other metals traded on the exchange, will be physical deliverable. All other metal contracts on the exchange are cash-settled.
Further, the leading exchange for non-agri commodity derivatives is also planning for rubber deliverable contracts.