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MCX iCOMDEX ENRGDEX Futures : The New Index to launched on 07 Oct 2021

Weights : Crude Oil 75 % Natural Gas 25 %

Weights based on –

Liquidity: ADT of underlying futures (75%) (of last 12 months)

Physical Market Size (25%) (average of last 5 years)

ParameterParticulars
Trading Unit125 times INDEX (ENRGDEX) (~ Rs 6.5 lakh @ ~5,200)
Tick Size1 (₹ 125 per tick movement)
MarginsHigher of 10% or SPAN based VaR (IM) + Minimum 1% (ELM)
Daily Price LimitAs per underlying futures
Contract monthsAll calendar months (Atleast 3 available at any time)
Mode of SettlementCASH
Final Settlement Price (DDR) at ExpiryVolume Weighted Average Prices (VWAP) of Underlying constituents of Index during 4:00 pm – 5:00 pm
Expiry date3RD DAY prior to Pre-expiry Margin Period in Crude Oil Futures contract
Position LimitsClient level     : Higher of 1,000 lots or 5% of market OI Member level : Higher of 10,000 lots or 15% of market OI

Factors Influencing ENRGDEX Price :

1.Inventory data

2.OPEC Meeting outcome on Production/ Supply

3.Geo-political situation in the region

4.Demand-Supply

5.Various other factors

MCX ENRGDEX Details : https://www.mcxindia.com/products/index/MCXENRGDEX

ALGO TRADING CLICK : https://www.myfindoc.com/services/algo-trading

BEST ALGO Trading :Best ALGO Trading Books

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