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Commodities Briefing - Categorized | Commodities Exchanges, Performance more

India: Commexes turnover may double in 3 yrs

Posted on 28 March 2011

Commodities exchanges industry in India will likely double its turnover in just three years, if the country’s biggest commodity exchange by market share Multi Commodity Exchange of India (MCX) is to be believed.

MCX on Friday celebrated the industry reaching a milestone of R100-lakh crore turnover. “You ain’t seen nothing yet. We are only just scratching the surface,” said Lamon Rutten, managing director and CEO, MCX. He added that if prices continue on the current path, the commodities exchanges will achieve the R200-trillion mark by 2014. “2010-2020 will be the decade of commodity derivatives and exchange-traded businesses,” said Rutten…………………………………….Full Article: Source


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