The Securities and Exchange Commission of Pakistan (SECP), in line with its object to promote and foster the Futures Market, has accorded approval of Crude Oil Futures, 100 Ounces Gold Futures and Silver Futures contracts to National Commodity Exchange Limited (NCEL). With these approvals, the number of approved Contracts with NCEL has now reached to 14 contracts, covering a wide range of underlying commodities including Gold, Silver, Rice, RBD Palm Olean, Kibor Rate and Crude Oil.
Moreover, Futures Contracts for currency is in the process of being approved. The SECP while granting its aforesaid approval has advised NCEL to ensure that appropriate level of awareness, regarding risks associated with and significant matters of futures trading, is communicated amongst all futures market participants specially prospective individual investors, the SECP added.
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