The Multi Commodity Exchange of India Limited (MCX) on May 05, 2026, issued circular on Introduction of Separate Product IDs and Product Name for Call and Put Options.
The exchange has announced the introduction of separate Product IDs and Product Names for Call and Put option contracts in the trading system to improve operational efficiency. Currently, option contracts share a common Product ID; going forward, separate identifiers will be assigned for Call (C) and Put (P) options for specific commodity contracts. For example, the existing Gold option symbol OFGLD will be divided into OFGLDC for Call options and OFGLDP for Put options, and these may be allocated to different partitions. The revised Product IDs will be reflected in the MCXScrips.bcp reference data file.
Members have been advised that mass order cancellation requests must now be sent separately for Call and Put option contracts using the respective Product IDs. Accordingly, if a commodity option contract is split into separate Call and Put products, two independent cancellation requests will be required for complete order cancellation.
The exchange clarified that there will be no changes to symbol names, API structures, Bhav Copy, trade files, real-time feeds, reporting files, or other existing security details. Market data feeds such as MDI, EMDI, and EOBI will include linked Product IDs wherever applicable for split contracts. Additionally, whenever a new split Product ID structure is introduced for a commodity option contract, all existing GTC/GTD orders for that contract will be cancelled automatically.
Members and vendors are advised to prepare their front-end systems and order management processes to support the split Product ID structure. The exchange will soon make the changes available in the test environment and conduct mock trading sessions for readiness and validation purposes.
[Circular No: MCXTECH/261/2026]
