Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Lemonn adds commodity derivatives, enters MCX with six metals and energy contracts

Lemonn adds commodity derivatives, enters MCX with six metals and energy contracts

Lemonn, a stockbroking platform, has launched commodity futures and options trading on the Multi Commodity Exchange of India (MCX), expanding its derivatives business beyond equities. The new offerings include non-agricultural commodities such as precious metals (gold and silver), base metals (copper, zinc, and aluminium), and energy commodities (crude oil and natural gas).

Zinc futures and options were added recently, bringing the total to six metals and two energy contracts. The launch comes as India's commodity derivatives market continues to grow, with turnover reaching ₹183.3 lakh crore in FY26, driven by higher futures turnover, particularly in bullion contracts traded on MCX. Lemonn's Co-founder, Ashish Singhal, stated that the addition of commodities broadens the range of exchange-traded derivatives on the platform while maintaining a focus on product understanding and risk awareness.

The platform now provides both equity and commodity derivatives on a single platform, with plans to expand further into agricultural commodities and electricity contracts in the future, subject to regulatory and exchange approvals.

Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at thehindubusinessline.com →

More in Finance & Markets

Hotels Association demands endless visa slaves

The Australian labour market is characterised by an exploitable class of temporary migrants, a situation that is generally thought to be undesirable.

  • Australian hotels industry criticized for exploiting temporary migrant workers.
  • 2016 Senate report revealed widespread abuses in visa system.
  • 2018 book highlights wage theft and permanent demand for temporary workers.

More from Wednesday 14 October →