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Commodities Briefing - Categorized | Commodities Exchanges, New Launches more

India’s Universal Commodity Exchange to begin operations by year end

Posted on 04 September 2012

India’s sixth national commodity bourse is planning to launch operations by the end of this year, its founder said Monday. Universal Commodity Exchange Ltd. officials will meet soon to finalize the launch date, Ketan Sheth said. The bourse recently obtained approval from the consumer affairs ministry, which oversees commodity futures trade, Mr. Sheth said.
A proposal to amend the law governing commodity derivatives markets will likely be introduced in Parliament soon in a move that will increase market liquidity by allowing options trading while also providing for financial institutions to participate in the market. This is stimulating interest among private investors to launch new bourses……………………………………..Full Article: Source


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