The increase in the number of traders on MCX (commodities) is interesting.

While the number of equity F&O traders has declined from 1.06 crore in FY25 to 85 lakh in FY26, the number of commodity traders has increased from 13 lakh to almost 21 lakh. I think this coincides with the growth of options trading on MCX.

I also wonder how much of this is because of the heightened volatility in commodities like crude, natural gas, gold, and silver, and brokers pushing commodity options more after equity markets close. MCX trading continues until almost midnight.🙂

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