03.09.2015 - National Commodity and Derivatives Exchange awaits FMC merger with Sebi to launch weather ETFs
Aiming to help hedge risks against adverse weather conditions, National Commodity and Derivatives Exchange (NCDEX) will shortly be launching a set of exchange- traded weather insurance products. As NCDEX is currently being regulated by Forward Markets Commission (FMC) whose norms don't allow any such product, it is waiting for the merger of the commodities regulator with Securities and Exchange Board of India (Sebi) to be completed by September end, before it formally unveils the product...............................................Full Article: Source
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