03.02.2009 - FMC need not dictate NCDEX’s pricing strategy
From Livemint.com: The Forward Contracts Regulation Act leaves the decision on pricing in the hands of exchanges. If anything, the regulator may need to step in if an incumbent exchange is charging exorbitant fees. In what may be a first in India’s financial markets, a regulated entity has taken a regulator to court.National Commodity and Derivatives Exchange Ltd (NCDEX) has filed a writ petition against commodity markets regulator Forward Markets Commission (FMC) for issuing a stay order on its proposal to reduce transaction fees..... Full Article: Source