13.10.2008 - FMC tightens permit process for trading in delicensed commodities
From Business-standard.com: Acting tough on the single commodity exchanges, the Forward Markets Commission (FMC) has tightened the process for granting permission to restore futures trading in de-licensed commodities. The commodity markets regulator has sought details of steps taken by commodities exchanges to make contracts liquid, in at least two cases. It has also asked for clarifications about the failure of these contracts in the past. Permission for futures trading in additional commodities has always been a tough task for product-specific exchanges due to their limited access to resources..... Full Article: Source
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