Financial Daily from THE HINDU group of publications
Friday, Apr 02, 2004
Financial Daily from THE HINDU group of publications Friday, Apr 02, 2004 |
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Agri-Biz & Commodities
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Commodity Exchanges Commodity exchanges to work with AMFI to draw norms for mutual fund products Our Bureau
Mr P.H. Ravikumar (right), Managing Director & CEO, National Commodity & Derivatives Exchange Ltd, with Mr Motilal Oswal, Chairman & Managing Director, Motilal Oswal Securities Ltd, at a press conference to launch `Commodities Trading on the Internet' in Mumbai on Thursday. — Shashi Ashiwal
Mumbai , April 1 COMMODITY exchanges will work with AMFI to draw up guidelines for mutual funds to introduce products for the commodity markets, Mr P.H. Ravi Kumar, Managing Director, NCDEX said on Thursday. Motilal Oswal Commodities Brokers Private Ltd (MOCB) on Thursday launched commodities broking on the Web. Mr Ravi Kumar said that NCDEX was due to launch energy futures shortly. Currently, NCDEX trades in nine commodities and another five are to be added — jute, pepper, rubber, chana and guar. Jute futures are slated to be launched shortly. According to him, credibility of a commodity futures exchanges rests on the robustness of the traded prices.
More Stories on : Commodity Exchanges
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