| Poor regulatory oversight, technology that renders boundaries meaningless and significant arbitrage opportunities yielding 4-5 per cent profits a month, have led to a situation where a whopping Rs 20,000 crore to Rs 25,000 crore of daily turnover in commodities comes from online trading in foreign commodity exchanges, according to industry players.
Such trading, though, illegal seems to be escaping the scrutiny of the commodities regulator, Forward Markets Commission..............................................Full Article: Source
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