Financial Daily from THE HINDU group of publications
Thursday, Jul 29, 2004
Financial Daily from THE HINDU group of publications Thursday, Jul 29, 2004 |
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Agri-Biz & Commodities
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Commodity Exchanges NMCE introduces evening trading Our Bureau
Mumbai , July 28 THE National Multi-Commodity Exchange of India Ltd (NMCE) has introduced evening trading sessions with effect from Monday. Members of the exchange will be able to trade between 5 pm and 8 pm during weekdays. Trading was permitted between 10 am and 4 pm (Monday through Friday) and between 10 am and 2 pm on Saturdays. While trading in all expiring contracts would cease at 4 p.m. on the contract expiry date, members would be permitted to continue trading in non-expiring contracts during the evening session. The time period between 8 pm and 9 pm will be reserved for position transfers, closing sessions, margin session and query session, in that order. The new initiative is in response to the increasing volumes on the exchange, according to Mr Kailash Gupta, Managing Director of NMCE.
More Stories on : Commodity Exchanges
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