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NCDEX cuts position limits in gold futures

Posted on 26 March 2009

From Financialexpress.com: National Commodities and Derivatives Exchange, which is trying to step up volume in bullion trading, has reduced the open position limits in gold futures for both brokers and individual traders by over 66% to 6 tonne and 2 tonne, respectively.

Earlier on the NCDEX platform, large brokers had exposure in gold up to 18 tonne including all gold contracts, which has now been reduced to 6 tonne, or 15%, of open interest, the NCDEX circular said…….Full Article: Source


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