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28 Aug 2020

ICICI Direct launches Commodity Derivatives Trading

Mumbai, August 28, 2020 - ICICI Securities (I-Sec), a retail-led equity house, today announced the launch of commodity derivatives trading on the platform. With this, I-Sec's ~5 million client base will now be able to trade in commodities futures on the Multi Commodity Exchange (MCX), India's largest commodity exchange with a market share of more than 94%.

Commodity Derivatives is on similar lines to existing equity derivatives segment but the underlying will be commodity instead of Stocks. Many of's popular features like the Good Till Canceled (GTC) will be available for commodities trade too, making it more convenient for investors.

"With this launch, we are happy to have fulfilled a key need gap of our customers, who were demanding a familiar interface for their commodity trading too. We have moved a step closer to becoming our customer's one-stop digital shop for meeting all their financial lifecycle requirement, be it investment, protection, or borrowing. We will be building further capabilities in this space to offer best in class features and trading experience for our customers. We have expertise and experienced commodities research team who will bring well researched periodic as well as thematic macro reports on all the major commodities," said Mr. Vijay Chandok, MD & CEO, ICICI Securities.

Commodity trading is gaining popularity as it allows for greater portfolio diversification, is a hedge against price fluctuation, and has longer trading hours - MCX is open from 9:00 am to 11:30pm / 11.55 pm -- allowing investors to be in the market longer and capturing international benchmark prices. Trading is available in Bullion (Gold and Silver), Energy (Crude Oil and Natural Gas), Metals (Aluminum, Copper, Lead, Nickel and Zinc) and Agri (Cotton and CPO). All these commodities traded on MCX have international linkage for greater trade participation.

Existing 3-in-1 account holders can begin trading post a simple online commodities registration process with competitive brokerage of Rs 20 per order and only Rs 2 per lot.

Click for details on order placement flow and FAQs, or visit

About ICICI Securities

ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services.

I-Sec operates, a virtual financial supermarket, meeting the three need sets of its clients - investments, protection, and borrowing. Through its three lines of businesses -- broking, distribution of financial products, and investment banking-- I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government.

I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). For details, visit:


Brokerage will not exceed the Exchange prescribed limit. Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will', `expected to', etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in broking business and other financial services in the countries that we operate or where a material number of our customers reside, our ability to successfully implement our strategy, including our use of the Internet and other technology our exploration of merger and acquisition opportunities, our ability to integrate mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our growth and expansion in domestic and overseas markets, technological changes, our ability to market new products, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in insurance regulations and other regulatory changes in India and other jurisdictions on us. ICICI Securities Limited undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

For further details, contact:

ICICI Securities Ltd.
Rabin Ghosh
+91 9820530306
Adfactors PR Ltd.
Rasika Badshah
+91 9821631379