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India: Commexes to cut transaction fee on non-deliverables

Posted on 18 February 2014

The flexibility to fix transaction charges has sparked a fight among the commodities futures exchanges to grab market share, a majority held by the Multi Commodity Exchange (MCX).
The exchanges have started working on reducing the charges on non-agricultural commodities contracts like metals and energy’s that are cash settled and non-deliverable. Most important, these are 86 per cent of the accumulative turnover of all exchanges. The MCX accounts for 90 per cent of the turnover in this segment………………………………………..Full Article: Source


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