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FMC rejects NCDEX plan to lower transaction fee

Posted on 26 February 2009

From Thehindubusinessline.com: Following the Bombay High Court order, commodity market regulator Forward Markets Commission (FMC) heard National Commodity and Derivative Exchange of India (NCDEX) proposal to reduce transaction fee but rejected the move.

Rajeev Agarwal, Member, FMC, said after hearing NCDEX argument (post-Bombay High Court judgement), the Commission was convinced that the action of NCDEX to reduce transaction fee was neither in the interest of the exchange nor the industry as a whole….. Full Article: Source


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