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FMC to define criteria to determine commodities’ launch on exchanges

Posted on 22 October 2012

In order to curb free flow of contracts on exchange platform, the Forward Markets Commission (FMC) is planning to frame criteria for agri commodities for determining their launch on futures exchange. Confirming the development, the FMC chairman Ramesh Abhishek, said, “Criteria are being worked out which would determine whether commodities are fit for trading on futures exchanges or not.”
According to informed sources, the FMC would categorize all commodities currently being produced, consumed and traded in India. Beginning from the top, the proposed four categories would begin with the most popular – soya, bullion, base metals, steel and energy; and end with the least popular - region specific agri commodities including isabgul, funnel seed etc………………………………………..Full Article: Source


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