New Indian Commodity Exchange to go live within a week

india-taj-mahal-against-pink-and-purple-sky-sunset

The exchange will launch 10 contracts, including five agricultural products in addition to gold, silver and crude oil.

ICEX is jointly owned by five different institutions including Indiabulls Financial Services and India's biggest state-run trading firm, MMTC, who own a 40% and 26% share respectively.

ICEX's chief executive officer, Ajit Mittal, told Reuters ICEX has 250 members and is planning to attract new participants once the exchange opens for trade.

India has three national level commodi

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: