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Financial Tech ruled ‘not fit’ to run MCX

Posted on 20 December 2013

Exchange owner Financial Technologies (India) Ltd was deemed not fit by regulators on Wednesday to run India’s biggest commodities bourse and ordered to sell most of its holding.
Forward Markets Commissions (FMC), which oversees commodities markets, removed its “fit and proper” designation for both Financial Technologies and its chief executive, Jignesh Shah - a status needed to operate an exchange in India………………………………………..Full Article: Source


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