Fri, Jul 3, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Moves, Regulatory, Trading, Trading Platforms more

FMC sets higher standards for algo members

Posted on 14 March 2013

The BMC would give additional security to traders from situations such as the flash crash in the US market. The Forward Markets Commission (FMC), the commodity derivatives markets regulator, has levied base minimum capital (BMC) for algo members five times higher than that of normal manual members. Until now, minimum base capital was determined by individual exchanges based on the membership criteria.
Interestingly, FMC has kept both the Multi Commodity Exchange (MCX) and the National Commodity & Derivatives Exchange (NCDEX) in the same category with Rs 50 lakh of BMC requirement for algo traders. Against that, the normal manual members should require to have a BMC of Rs 10 lakh…………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 41231 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
July 2015
S M T W T F S
« Jun    
 1234
567891011
12131415161718
19202122232425
262728293031