| From Business Standard: Responding to the Forward Markets Commission’s (FMC) call to act hard on illiquid contracts, domestic commodity exchanges have asked for 15 days’ time to submit the ‘action-taken report’.
Last week, the FMC had convened a meeting in which Chairman B C Khatua had sought reasons from senior executives of the bourses for the contracts’ liquidity crunch. He had also asked for methods to attract participants to futures trading in such commodities. However, exchanges unanimously cited the versatile nature of commodities, variable grain size and seasonal trading practices in the spot market as major factors for volumes not picking up on the platforms..... Full Article: Source
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