03.01.2014 - India: The future of futures
If mentha oil and potato trade are anything to go by, futures are changing physical markets for the better. Way back in 1875, the Bombay Cotton Trade Association initiated commodity futures trading to India. This happened just a a decade after trading in similar products began at the Chicago Board of Trade, the world’s first modern commodity futures exchange. Underlying the booming futures trading in cotton was a spurt in cotton exports from India to Europe, after supply from the US was disrupted due to the Civil War...............................................Full Article: Source
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