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Commodities Briefing - Categorized | Market Moves, Regulatory more

India: Do commodity markets need better regulation?

Posted on 02 August 2013

The recent woes of National Spot Exchange Ltd (NSEL) have put the spotlight on the world of commodity trading. The exchange has had to abruptly suspend trading in a large number of its contracts as well as defer the settlement of trades that have already been executed. This resulted in rumours of a settlement crisis, leading to a 66% drop in NSEL’s parent company, Financial Technologies (India) Ltd’s (FTIL) shares.
The fear was that FTIL might have to make good NSEL’s settlement obligations, but according to the head of a large domestic trading house, the exchange is essentially facing a liquidity crisis…………………………………..Full Article: Source


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VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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