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Friday, February 18, 2011

MCX Introduces Micro Silver lot

The Multi Commodity Exchange of India Ltd (MCX) today launched futures trading in silver micro.

The exchange has launched silver micro April and June 2011 contracts. The trading unit fixed at 1 kg and tick size (minimum price movement) fixed at Re 1 per kg. The maximum order size will be 600 kg, an official statement said.

"Silver micro is an innovative product from MCX, which is targeted as an investment product and a hedging tool," MCX Deputy Managing Director P K Singhal said.

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