MCX-SX Exchange kicks off interest rate futures

Cash-settled interest rate futures started trading in MCX Stock Exchange Ltd (MCX-SX) on Monday.

The IRF contract for the 10-year benchmark 8.83 per cent 2023 bond attracted the highest volume at Rs 150 crore with a last traded price of Rs 101.65.

The other IRF contract traded is the 7.16 per cent 2023 bonds on Monday.

The National Stock Exchange will start trading IRF contracts from Tuesday, while BSE Ltd will start trading them from January 28.

Copyright Thomson Reuters 2014