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NMCE hoping for merger to stay alive

Posted on 03 November 2016

To prevent an order to exit, the Ahmedabad-based National Multi Commodity Exchange (NMCE) wishes to merge with an existing bourse in the segment. It has to do so before before May 5, 2017, the deadline for meeting the minimum net worth criteria.
It commenced operations in November 2002, about a year before the two established comexes, Multi Commodity Exchange (MCX) and National Commodity & Derivatives Exchange (NCDEX) did so. However, it lost its first-mover benefit. Focused primarily on plantation and cash crops, NMCE lost to the other, due to lack of technology and product innovation…………………………………….Full Article: Source


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