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Singapore SICOM to launch new gold trading platform

Posted on 09 September 2009 by VRS  |  Email |Print

From Asiaone.com: The Singapore Commodity Exchange Ltd (SICOM) will launch a new trading platform called exchange-traded Deferred Settlement Gold Contract in the next two months, its chief executive said on Wednesday.

“This product mirrors the Loco London gold market which trades actively over-the-counter. We are essentially bringing a product which is actively traded on the OTC market to exchange-traded,” Jeremy Ang told a derivatives conference………….Full Article: Source

Indonesia Commodity and Derivatives Exchange picks Patsystems

Posted on 09 September 2009 by VRS  |  Email |Print

From Watersnews.com: The newly established exchange has confirmed the London-based vendor as its preferred technology supplier. Indonesia is among the world’s largest producers of agricultural commodities and industrial raw materials, so the ICDX could be well placed to become a major venue for price discovery, benchmark pricing and risk management.

As such, ICDX should benefit from Patsystems’ global network of customers, which will automatically bring in thousands of international traders to the exchange, says Megain Widjaja, managing director of ICDX………….Full Article: Source

Trade commodities online

Posted on 07 September 2009 by VRS  |  Email |Print

From Moneycontrol.com: Gold has been the big mover over the last few days. The metal is close to its highs in the international markets as it nears the USD-1,000 an ounce mark. At USD 999 per ounce, it is now at its six-month high.

The metal price has run up quite strongly despite decline in crude and with the US dollar still weak. In the Indian markets too, the metal was trading at very high prices despite the festival season…………..Full Article: Source

Shariah-compliant commodity trading platform launches

Posted on 18 August 2009 by VRS  |  Email |Print

From Energyrisk.com: Trading on Malaysian commodity exchange Bursa Malaysia’s Shariah-compliant commodity trading platform - Bursa Suq Al-Sila’ - began today.

The platform will facilitate commodity-based Islamic financing and investment transactions under the Shariah principles of Murabahah, Tawarruq and Musawwamah…………Full Article: Source

TOCOM launches virtual trading environment

Posted on 12 August 2009 by VRS  |  Email |Print

From Mondovisione.com: Tokyo Commodity Exchange has launched a virtual trading environment, called “TOCOM V-Trade”, in which a user can virtually experience trading on the new system.

The virtual trading environment has become available by connecting the TOCOM staging environment to the systems of Members and IT Vendors……….Full Press Release: Source

Saxo Bank plans to incorporate UAE bourses

Posted on 10 August 2009 by VRS  |  Email |Print

From Business24-7.ae: Sweden-based online investment bank Saxo Bank, which offers online trading for instruments such as forex, stocks, CFDs, futures, funds and bonds, is likely to incorporate three UAE bourses into its trading platform, giving more international institutional and professional investors access to the local markets.

“Today we offer 26 different stock exchanges, 16 futures exchanges and more than 150 currency crosses – all from one platform………..Full Article: Source

Bursa Malaysia to introduce commodity Murabahah house next month

Posted on 29 July 2009 by VRS  |  Email |Print

From Bernama: Bursa Malaysia Bhd plans to introduce a fully electronic web-based Syariah commodity trading platform next month.

Its chief executive officer Datuk Yusli Mohamed Yusoff said the Commodity Murabahah House (CMH) is the world’s first fully Syariah compliant commodity trading platform………Full Article: Source

Sibex opens new trading platform in September

Posted on 22 July 2009 by VRS  |  Email |Print

From Wall-street.ro: The new exchange trading system at Sibiu Monetary Financial and Commodities Exchange provided by Trayport could be operational in September, Teodor Ancuta, chairman of SIBEX said.

According to the conclusions of Trayport’s latter visit at Sibex, new technical features for the electronic trading solution should be added, taking into account the requests and propositions from the stock market in order to tailor Global Vision as to meet the features of the products in the pipeline………Full Article: Source

Back to basics: All you wanted to know about commodity trading

Posted on 20 July 2009 by VRS  |  Email |Print

From Dnaindia.com: We all like to talk about commodities, but very few of us actually trade in them. When it comes to investing, we tend to stick with stocks (at least we used to till sometime back), mutual funds or the good-old fixed deposit.
Though commodities are a part of our everyday life, somehow we haven’t warmed up enough to trading in them………..Full Article: Source

NMCE inks pact with Financial Tech

Posted on 16 July 2009 by VRS  |  Email |Print

From Business-standard.com: The Ahmedabad-based National Multi Commodity Exchange (NMCE), the country’s first national commodity exchange, has entered into a technology tie-up with Financial Technologies (India), a supplier of trading software and promoter of India’s largest commodity exchange, the Multi Commodity Exchange (MCX).
Now, over 300 NMCE members will be able to get licence for FTIL’s most popular trading software, ODINTM, which facilitates inter-exchange arbitrage, besides providing other benefits………Full Article: Source

Commodity trading & trend following mechanical systems

Posted on 15 July 2009 by VRS  |  Email |Print

From Marketoracle.co.uk: One of the biggest differences in commodity trading is that many successful commodity trading advisors use trend following mechanical systems.
Of course there are other commodity trading advisors that use pattern recognition …counter trend as well as basic fundamental analysis to base their decisions…….Full Article: Source

A new smart gateway for Tokyo Commodity Exchange

Posted on 10 July 2009 by VRS  |  Email |Print

From Commodities-now.com: SunGard has launched a new smart gateway for the Tokyo Commodity Exchange (TOCOM). SunGard’s smart gateways are a series of new clearing gateways for listed derivatives markets.
The TOCOM gateway, which is the second of SunGard’s smart gateways to be launched, is already being used by 15 customers……..Full Article: Source

DMCC plans new commodities cluster

Posted on 10 July 2009 by VRS  |  Email |Print

From Tradearabia.com: Registered member companies of Dubai Multi Commodities Centre (DMCC) can now be part of the fast-growing commodities community at Jumeirah Lakes Towers (JLT), with direct access to all commodity-related facilities being offered by the Centre.

According to an announcement from DMCC, all member companies, including those awaiting membership approvals, will be brought together to form a physical commodities cluster within the 200-acre JLT free zone community, facilitating optimum operational and administrative streamlining……..Full Article: Source

Asia OTC clearing efforts may stall, Euroclear says

Posted on 08 July 2009 by VRS  |  Email |Print

From Bloomberg: Asia-Pacific efforts to reduce risk in over-the-counter derivatives trading by opening central clearinghouses may stall at national programs because the market is immature and fragmented, according to Euroclear Bank.

“The biggest challenge is that there’s no framework to harmonize the regulatory environment, no single currency or regulator,” Philippe Dirckx, regional head for the unit of Euroclear Plc, Europe’s largest trade-settlement group, said in a phone interview from Hong Kong………Full Article: Source

ECEA calls on media to promote modern commodity exchange

Posted on 08 July 2009 by VRS  |  Email |Print

From Waltainfo.com: The Ethiopia Commodity Exchange Authority (ECEA) has called on the media to assist the efforts being made to transform the traditional and backward trading system to a modern one.
The call came during a day-long awareness raising training organized by the ECEA for private and government media professionals at the Debrezeit Management Institute on Saturday. ……..Full Article: Source

A Goldman trading scandal? Matthew Goldstein

Posted on 06 July 2009 by VRS  |  Email |Print

From Reuters: Did someone try to steal Goldman Sachs’ secret sauce? While most in the United States were celebrating the Fourth of July holiday, a Russian immigrant living in New Jersey was being held on federal charges of stealing secret computer trading codes from a major New York-based financial institution.

Authorities did not identify the firm, but sources say the institution is none other than Goldman Sachs. The charges, if proven, are significant because the codes that the accused, Sergey Aleynikov, tried to steal are the secret sauce to Goldman’s automated stock and commodities trading business……….Full Article: Source

Ethiopia: ECX to update communication technology

Posted on 30 June 2009 by VRS  |  Email |Print

From Allafrica.com: The Ethiopian Commodity Exchange (ECX) has awarded the project for the development of software to introduce the Short Message System (SMS) and an Interactive Voice Response (IVR) to Apposite LLC, a local branch of a US based IT company, EXC officials disclosed.
The project is financed by the World Bank which has dedicated about seven million dollars to set up the ECX while supporting and modernizing its operations according to Achim Fock, senior economist at WB Ethiopia Office and task manager of the Bank’s Rural Capacity Building Project……..Full Article: Source

Korean Exchange Bank selects Pure Commerce multi-currency payment system

Posted on 25 June 2009 by VRS  |  Email |Print

From Finextra.com: Pure Commerce, an international payment solutions provider, today announced that it has been selected by Korean Exchange Bank (KEB) to provide a multi-currency payment solution to help the bank offer improved foreign exchange services to its business banking customers.

KEB is the largest foreign exchange bank in South Korea. Pure Commerce’s flagship fxCHOICE dynamic currency conversion (DCC) service will enable KEB’s merchants to convert credit card payments made by foreign visitors from Korean won to their home currency at the check out…….Full Article: Source

World’s biggest carbon offset exchange comes one step closer to reality

Posted on 19 June 2009 by VRS  |  Email |Print

NYSE Euronext has announced that BlueNext, its majority-owned environmental trading exchange, is partnering with the China-Beijing Environmental Exchange (CBEEX), the first state-level Chinese environmental rights trading platform, to set up an international carbon-trading related information platform.

Bluenext, the world’s largest “spot” trader of carbon credits supported by the world’s leading and most liquid exchange group, operates the world’s largest spot market for Certified Emissions Reductions (CERs)………Full Article: Source

Commodity exchange in pact with US tech firm

Posted on 18 June 2009 by VRS  |  Email |Print

From Livemint.com: International Multi Commodity Exchange (IMCX), a joint venture between Indiabulls and MMTC Ltd, has forged a technology tie-up with Millennium Information Technologies (MIT), said managing director and chief executive officer Ajit Mittal.
The US-headquartered MIT provides application solutions to financial and telecom industries………Full Article: Source

Bourse Africa to trade $20bln - Official

Posted on 18 June 2009 by VRS  |  Email |Print

From Mmegi.bw: Pan-African commodity spot and derivatives exchange, Bourse Africa, says because Gaborone will be its financial and technology hub, it will have a direct benefit from US$320 billion worth of commodities traded in Africa annually.
Bourse Africa’s Head of Strategy Adam Gross said they trade about US$4 billion to US$5 billion worth of commodities per day in India, which is five times smaller than Africa’s commodity base………Full Article: Source

Online trading of gold bars to start by June-end

Posted on 18 June 2009 by VRS  |  Email |Print

From Indiatimes.com: Online trading of Indian gold delivery bars is likely to begin from June-end. At present, only imported gold bars (certified by the London Bullion Exchange Market Association) are being traded.

The technical committee of the Indian Bullion Market Association (IBMA) in Ahmedabad on Monday detailed the terms and conditions for introducing online trading………Full Article: Source

Thomson Reuters extends news analytics to commodity and energy markets

Posted on 29 May 2009 by VRS  |  Email |Print

From Mnilive.com: Thomson Reuters today announced it has extended it machine-readable news offering to include a sentiment scoring service for the commodity and energy markets.
The enhancement was made in direct response to client demand and the global growth of event driven trading strategies within the commodities market…….Full Article: Source

Citi launches Web and mobile trading for CitiFX Pro in Hong Kong

Posted on 28 May 2009 by VRS  |  Email |Print

From Finextra.com: Citi announced today that it has introduced Web and Mobile versions of the CitiFX Pro margin FX trading platform for Hong Kong clients.

CitiFX Pro clients are now able to access their accounts and trade realtime via three state-of-the-art platforms: CitiFX ProTrader (the current desktop version), CitiFX Pro Web and CitiFX Pro Mobile…….Full Article: Source

NYMEX to change settle system for oil, natgas

Posted on 27 May 2009 by VRS  |  Email |Print

From Guardian.co.uk: The CME Group Inc has adopted new NYMEX procedures that call for settlement prices for oil and natural gas futures contracts to be based exclusively on electronic trading prices in the closing minutes of each day’s trade, a CME market regulation advisory showed on Tuesday.
As the role of floor trading becomes limited in accounting for settlement, the CME’s move brings NYMEX closer to the day when the market ceases floor trading for its flagship crude oil and related contracts, analysts said…….Full Article: Source

NCDEX signs knowledge sharing pact with SICOM

Posted on 27 May 2009 by VRS  |  Email |Print

From Business-standard.com: The National Commodity & Derivatives Exchange Ltd (NCDEX), India’s second-largest commodity exchange, has inked a “Head of Terms” agreement with the Singapore Commodity Exchange (SICOM) to develop contracts for trading and clearing in both derivative platforms.
According to the terms of the agreement, both exchanges will co-operate and enhance the development of their respective commodity markets. In addition, NCDEX will make available its agricultural commodity index to SICOM to create derivative products…….Full Article: Source

Singapore’s SICOM, India’s NCDEX plan cross-trading

Posted on 26 May 2009 by VRS  |  Email |Print

From Reuters: Singapore Commodity Exchange (SICOM) and India’s National Commodity and Derivatives Exchange (NCDEX) plan to allow cross-trading and clearing of certain products in both exchanges, both exchanges said in a joint statement on Tuesday.

The two companies would sign a “heads of terms” agreement that would also allow SICOM to create derivative products based on NCDEX’s agricultural commodity index, they said. NCDEX commands about 90 percent of India’s trade in agricultural commodity futures…….Full Article: Source

NZX prepares for commodity trading, dairy derivatives in rural drive

Posted on 22 May 2009 by VRS  |  Email |Print

From Sharechat.co.nz: NZX, manager of New Zealand’s stock exchange, plans to move into commodity trading in the next 12 months, extending a drive into agriculture that has seen it snap up rural data and media companies.

The Wellington-based company named Fiona Mackenzie as head of liquidity and traded products and said she will help set up “a base for new tradable futures and commodities products.” Mackenzie has been in institutional equity sales at Morgan Stanley…….Full Article: Source

Deutsche Bank provides clearing for new Munich Stock Exchange carbon trading venue

Posted on 21 May 2009 by VRS  |  Email |Print

From Finextra.com: Deutsche Bank’s Global Transaction Banking division is pleased to announce that it has entered into a co-operation agreement with Bayerische Börse AG, the operator of the Munich Stock Exchange in Germany.

Under the agreement, the Munich Stock Exchange will offer a spot trading venue for EUAs (European Units of Allocation) and CERs (Certified Emission Reduction units) at competitive prices, with clearing, settlement and custody provided by Deutsche Bank…….Full Article: Source

Japan’s TOCOM halts trade after system trouble

Posted on 13 May 2009 by VRS  |  Email |Print

From Guardian.co.uk: The Tokyo Commodity Exchange, Japan’s biggest commodity exchange, said on Tuesday it has suspended trading of all contracts since 11:35 a.m. (0235 GMT) due to system trouble.
It is the first glitch since the exchange launched a new trading platform on May 7, extending trading hours in an attempt to lure back investors amid the market’s shrinking liquidity……..Full Article: Source

Deutsche Bank was top currency trader in 2008

Posted on 07 May 2009 by VRS  |  Email |Print

From Bloomberg: Deutsche Bank AG was the biggest currency trader in the $175 trillion foreign-exchange market for a fifth year, widening the gap with second-place UBS AG, according to a survey by Euromoney Institutional Investor Plc.

Deutsche Bank, Germany’s largest lender, captured almost 21 percent of the market last year, down from the 21.7 percent share the Frankfurt-based bank had in 2007, Euromoney said today in an e-mailed statement…….Full Article: Source

Tokyo Commodity Exchange Launches Trading System powered by NASDAQ OMX technology

Posted on 07 May 2009 by VRS  |  Email |Print

The NASDAQ OMX Group, Inc. and Tokyo Commodity Exchange (TOCOM) reported today that TOCOM has gone live with a new trading system from NASDAQ OMX.

TOCOM is NASDAQ OMX’s first Japanese customer to operate a system based on its technology. The launch, which took place today, was successful and received positive acknowledgement from TOCOM trading participants and the investing public…….Full Press Release: Source

Ethiopia starts electronic trade for sesame

Posted on 05 May 2009 by VRS  |  Email |Print

From Reuters: Africa’s largest sesame exporter Ethiopia traded the seed through a new electronic system at its commodity exchange for the first time on Monday.

The government says trading sesame through the exchange will help small farmers get a better price for their seed and will also improve the quality of exported sesame…….Full Article: Source

Gain forex platform launches in Europe

Posted on 04 May 2009 by VRS  |  Email |Print

From Telegraph: Gain Capital Holdings, a 3i-backed online foreign exchange platform provider, is launching its Forex.com service in the UK and continental Europe.
The platform allows customers to trade the world’s major currencies, as well as gold and silver. The launch of the site in Europe follows Gain’s acquisition of Fortune Capital in Japan in March, a deal that extended Gain’s reach into Asia……..Full Article: Source

SunGard launches commodity suite

Posted on 30 April 2009 by VRS  |  Email |Print

From Advancedtrading.com: SunGard has launched Aligne, a service-oriented architecture (SOA) based, straight-through processing solution suite that helps energy companies optimize decision making and quickly adapt to business change by streamlining processes and integrating information across multiple business operations.

Energy traders, utilities, midstream gas companies and large industrial consumers of energy can use Aligne to process energy financial and physical transactions across front-, middle- and back-office operations, and utilize configurable components for risk management and compliance…….Full Article: Source

Will Robots venture into commodity trading?

Posted on 28 April 2009 by VRS  |  Email |Print

From Commodityonline.com: Computers have already beaten grandmasters in chess, robots have replaced human labour in critical manufacturing areas, super computers have proven its talent in diverse scientific computation and calculation skills beyond the skills of ordinary mortals.

Commodity traders especially those who go beyond Futures and deal with options, credit default swaps, hedging are known to use sophisticated computer systems to calculate the daily mark to market, profit or loss margins as the value of the underlier and the derivative continues to change from day to day……Full Article: Source

Credit Suisse’s Advanced Execution Services (AES) launches algorithmic trading in Abu Dhabi, Dubai, Egypt, Israel and Turkey

Posted on 24 April 2009 by VRS  |  Email |Print

Credit Suisse’s Advanced Execution Services (AES) unit is pleased to announced that it has rolled out access to direct market access and algorithmic trading to five new markets.
The Bank will execute trades on the Abu Dhabi Securities Exchange (ADX), Cairo and Alexandria Stock Exchanges (CASE), the Dubai Financial Market (DFM), the Istanbul Stock Exchange (ISE) and the Tel Aviv Stock Exchange (TASE) in what is a significant move into the emerging markets by the Bank’s algorithmic trading platform…..Full Press Release: Source

Thomson Reuters supports growth in commodity trading

Posted on 21 April 2009 by VRS  |  Email |Print

From Webwire.com: Thomson Reuters has announced plans to support the growth in commodities trading through new enhancements made to its multi-asset class transaction service, Reuters Trading for Exchanges.

The major enhancements to Reuters Trading for Exchanges (RTEx) were unveiled today, just ahead of Trade Tech Paris, which extend the service’s use beyond the equity markets by featuring spread trading capabilities for commodity instruments, as well as provide seamless integration and click-to-trade functionality from its premium desktops…..Full Article: Source

Altis Partners offers managed accounts in commodity portfolio

Posted on 21 April 2009 by VRS  |  Email |Print

From WSJ: Altis Partners, a $1.2 billion hedge fund firm that uses computers to trade futures markets, has responded to requests for more transparency by offering investors separate accounts in its global commodity portfolio until June 30.

Altis’ move reflects a broader trend in the hedge fund industry. Investors rattled by Bernard Madoff’s massive Ponzi scheme have demanded a clearer picture of funds’ trading positions. The U.S. Commodity Futures Trading Commission has recently unearthed several alleged Ponzi schemes among commodity pool operators, adding to investor jitters…..Full Article: Source

Russia to launch platinum, palladium futures trade

Posted on 16 April 2009 by VRS  |  Email |Print

From Reuters: Russia’s RTS exchange will launch trading in platinum and palladium futures contracts from April 15, adding to existing contracts on gold and silver, the exchange said on Tuesday.

The contracts are initially for three and six months and will be settled in cash based on the morning fixing on the London Platinum and Palladium Market, RTS said in a statement……Full Article: Source

FMC allows comexes to set up network of warehouses

Posted on 14 April 2009 by VRS  |  Email |Print

From Economic Times: Commodity market regulator Forward Markets Commission has allowed exchanges to establish a network of warehouses across the country to reduce transport cost and encourage more deliveries of agri-commodities.
“We have given permission to commodity exchanges to start accreditation of warehouses owned by big producers, processors and manufacturers for bulk commodities only,” FMC Chairman B C Khatua said…..Full Article: Source

RMoney plans spot commodity exchange

Posted on 08 April 2009 by VRS  |  Email |Print

From Mydigitalfc.com: Reliance Spot Exchange, a wholly-owned subsidiary of Reliance Money, is setting up a national spot exchange for commodities, linking ‘mandis’ across the country through an electronic platform.
Farmers, distributors, suppliers and other intermediaries will be linked through the web-based platform to enable efficient price discovery of commodities, said Rajnikant Patel, president – exchange business, Reliance Money, a Reliance Anil Dhirubhai Ambani Group company…..Full Article: Source

Dubai Tea Trading Centre launches new facility for global tea industry

Posted on 31 March 2009 by VRS  |  Email |Print

From Commodities-now.com: The Dubai Tea Trading Centre (DTTC), a division of the Dubai Multi Commodities Centre (DMCC), unveiled today its new centralised tea storage, blending and value addition services as part of its expansion plans to accommodate the growing activities of the centre.

The new facility was inaugurated by Jamal Majid Bin Thaniah; Executive Vice Chairman, DP World and Group CEO, Ports Customs World; and Salma Ali Saif Bin Hareb Chief Executive Officer - Economic Zones World. The 23,731 square metre facility in Jebel Ali Free Zone also includes office space for regional and international tea companies…..Full Article: Source

Phoenix Partners introduces electronic trading platform for RECs

Posted on 30 March 2009 by VRS  |  Email |Print

From Nawindpower.com: Phoenix Partners Group, an interdealer credit and equity derivatives broker, has introduced an electronic trading platform for renewable energy certificates (RECs).

The Web-based platform provides a real-time forum for buyers and sellers of RECs to review available inventory and place bids or offers for all tradeable REC programs from a single online screen…..Full Article: Source

CME Group to offer OTC grain swaps through CME ClearPort

Posted on 20 March 2009 by VRS  |  Email |Print

CME Group, the world’s largest and most diverse derivatives exchange, announced that the Commodity Futures Trading Commission (CFTC) has given regulatory approval to clear corn basis swaps and calendar swaps for corn, wheat and soybeans.

The swaps, which will be subject to comparable rules and regulations for listed corn, wheat and soybean futures contracts on the CBOT, are scheduled to be available beginning Monday, April 6, through CME ClearPort, an open clearing service for over-the-counter (OTC) products……Full Press Release: Source

RWE opens Europe’s largest energy trading floor

Posted on 11 March 2009 by VRS  |  Email |Print

From Commodities-now.com: Ten years after the founding of the energy trading company within the RWE Group, RWE Supply & Trading is moving into its new corporate headquarters in Essen.

About 800 employees from RWE Supply & Trading, RWE Key Account, Portfolio Management as well as Load Dispatching will have moved from Huyssenallee to Altenessener Strasse in Essen by the end of the month. The traders and employees from the Back Office, Risk Control and Structuring who are connected to trading activities will form the vanguard….. Full Article: Source

Agora-X starts new electronic platform for exempt commodities

Posted on 10 March 2009 by VRS  |  Email |Print

From Bizjournals.com: Agora-X LLC launched a new electronic platform that enables negotiating, executing and clearing of over-the-counter trades in exempt commodities such as energy and metals.

Kansas City-based Agora-X is a subsidiary of Kansas City-based FCStone Group Inc. Agora-X launched its first electronic trading platform for commodities and derivative contracts in December. Nasdaq OMX Group Inc. has a 20 percent stake in Agora-X….. Full Article: Source

Scotiabank buys UBS Energy assets

Posted on 05 March 2009 by VRS  |  Email |Print

From Reuters: Canadian Scotiabank on Wednesday said it has acquired select assets and 60 employees from UBS Energy, including trading technology.

The terms of the deal, which does not include any of the Swiss UBS subsidiary’s trading books of business or regulatory licenses, were not immediately available….. Full Article: Source

Russian cabinet considers developing commodity exchange trading

Posted on 27 February 2009 by VRS  |  Email |Print

From Individual.com: Russian Prime Minister Vladimir Putin has urged the government to eliminate causes that contribute to monopolism and restrict competition, Gazprom-owned NTV channel reported on 26 February.

Speaking at a government session devoted to the discussion of a programme for the development of competition to 2012, Putin said: “The government has already submitted to the State Duma a package of draft laws on improving the antimonopoly legislation….. Full Article: Source

Now, traders to get commodity rates on mobiles

Posted on 25 February 2009 by VRS  |  Email |Print

From Indiatimes.com: Farmers and traders in Gujarat will soon be able to see commodity rates on their cell phones. Tata Teleservices Limited (TTSL) has tied up with Impetus Technologies to launch a unique service Mandi Bhav, through which users can get information about trading platform, weather information and expert advice in rural areas of the country.

“The application will help farmers and commodity traders get daily spot rates of commodities of their interest, which will help them to maximise their profits,” Naveen Bhasin, chief operating officer of TTSL’s Gujarat circle, told TOI on Tuesday….. Full Article: Source

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