India's Multi Commodity Exchange (MCX)'s coffee futures
contract got off to an impressive start in early trading, with
volume topping 2,000 on the first day.
The product, launched on 29 January, has been tied to the
coffee contract at Euronext Liffe, using the European
exchange's settlement price. MCX was also keen to play up the
"flexibility" of the contract, which was offered for trading
during Indian hours and also later in the evening, while
markets would be open at Euronext Liffe.
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