Commodities

ICE launches Web site in Gujarati; Hindi to follow

Our Bureau Ahmedabad | Updated on June 08, 2011 Published on June 08, 2011




Indian Commodity Exchange Ltd (ICE) on Tuesday launched the Gujarati version of its Web site ( http://gujarati.icexindia.com/), to provide details on the commodity market, news updates on business and economy.

Real-time updates on scrip movements, announcements, market data, market operations and investor guidance in the Gujarati language are the key features on this Web site and will be a valuable guide for the members, traders, brokers and other market participants, ICE said in a release here.

The commodity futures trading, since its introduction in 2003, has seen significant rise in the trading of agri and non-agri products.

The objective of launching the Web site in vernacular languages is to provide actual benefit of price movements to the farmers, traders and actual users in their own language and develop the tremendous potential for the growth in the commodities market, Mr Rajnikant Patel, Managing Director & CEO, Indian Commodity Exchange, said.

In launching the Gujarati Web site, ICE aimed to extend financial inclusion through the web media that will facilitate ease of comprehension and access to information for the market participants, along with educating and empowering the investors in the commodity markets space. “We will shortly launch our Hindi Web site and add new features to the existing ones. Our effort is also to broaden the horizon of the commodities market,” he said.

ICE, a nation-wide screen-based online derivatives exchange for commodities is a trading platform which has put in place assaying and warehousing facilities in order to facilitate deliveries. The Exchange is a public-private partnership with Reliance Exchangenext Ltd. As anchor investor and has MMTC Ltd., Indiabulls Financial Services Ltd., Indian Potash Ltd., KRIBHCO and IDFC, among others, as its stakeholders.

Published on June 08, 2011
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