PMEX Lists New Cash Settled Futures Contracts
Pakistan Mercantile Exchange (PMEX), the country’s only commodity futures exchange, listed cash settled futures contracts of corn, wheat, soybean, palladium and Japan equity index $1 & $5 and made them available for trading from November 20, 2018.
These six futures contracts are based on universally traded benchmarks and the trading and operational mechanism is similar to the already listed contracts of international commodities at the Exchange. With the introduction of these contracts, PMEX brokers will be able to cater to the needs of a wider market segment. Moreover, the market participants will not only get a diversified range of commodities to broaden their investment portfolio but also enjoy the added advantage to trade and hedge the risk of price volatility in an efficient and convenient manner
At present, the Exchange offers 22 commodities with 110 contracts of different denominations which can be clubbed into six main asset classes: metal, agriculture, energy, Indices, Currencies and financial futures.
Commenting on the listing of new futures contracts, Mr. Ejaz Ali Shah, Managing Director, PMEX said, “We are delighted to add six new futures contracts in our portfolio. We relentlessly strives to broaden our product range by launching a rich mix of products to further enhance our product portfolio. In recent months, we have witness a significant surge in the trading volume that signifies the growing interest of market participants in using our diversified product suite to invest, trade and hedge at a regulated platform”.