Multi Commodity Exchange (MCX) on Thursday issued a public clarification stating that certain news reports aired by media outlets regarding weekly expiry contracts were “baseless and factually inaccurate”, and had the potential to adversely impact stakeholders.
In its statement, MCX said:
“The news aired by some media channels related to weekly expiry or other messages mentioned in association is baseless and factually inaccurate and has adverse impact on our stakeholders. We urge the media to restrain from running speculative stories which are detrimental and unverified.”
The exchange did not specify which reports it was referring to, but earlier in the day, several media outlets had cited unnamed sources claiming that SEBI was “not in favour” of allowing weekly expiry contracts on MCX, arguing that such short-duration derivatives could expose retail traders to higher risk in volatile commodities like gold, silver and crude oil.
Those unverified reports had also suggested that SEBI had sought four years of client-level trading data from commodity exchanges and brokers as part of an ongoing evaluation, implying that any approval for weekly expiries would take time and that monthly settlement cycles would continue for now.
MCX’s clarification, however, firmly dismisses the speculation and urges restraint, emphasising that no such decision or communication has been made public by SEBI.
The matter now rests on official regulatory communication, and MCX has reiterated that stakeholders should rely only on verified information released through proper channels.
