Multi Commodity Exchange of India (MCX) is expecting options contract to touch 60-70 percent of underlying volume, said Mrugank Paranjape, managing director and CEO of the independent commodity exchange.

Every exchange will soon be able to offer all types of contracts for trade.

Paranjape said that the exchange is preparing for competition which will come in from October 1. “Our view is that going forward we need to make sure that our products remain as competitive, technology remains as efficient and our people remain as connected to the market as always,” he said.

On business front, he said, “In terms of new launch or new product, we are not making any such launches for the time being. We will concentrate on growing our options contract. We will also concentrate on increasing the deliverable quantities that we have on some of our contracts.”

“We do not have any immediate plans of getting into equity segment or anything of that sort,” he further mentioned.