The Hindu Business Line : ‘Nod for futures in four commodities in a day or two’

Mumbai, Dec. 2 Four commodity exchanges – NCDEX, MCX, NMCE and National Board of Trade – have moved the commodity markets regulator Forward Markets Commission (FMC) to restart futures trading in four commodities – chana, soy oil, rubber and potato.

Mr B.C. Khatua, Chairman, Forward Markets Commission, said: “We want to clear all the proposals at one go so that no exchange feels left out in the race to begin trading in the four commodities.”

FMC plans to clear all the application in a day or two, he added.

Set for launch

The exchanges seem to be prepared to restart trading in the four commodities the day after FMC gives the go ahead signal.

Mr Joseph Massey, Managing Director, MCX, said: “The required infrastructure to restart trading in all the four commodities are already in place and we will be able to start trading the next day after receiving FMC approval.”

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