Commodity exchange News

The company spokesperson told PTI that they are still analysing at the reason behind the stoppage.

Leading commodity exchange MCX plans to launch options trading in the next quarter of this fiscal in a few commodities like bullion and crude oil following Sebi's decision to allow such trading on bourses.

Leading commodity exchange MCX  said it has successfully conducted live trading sessions from its disaster recovery site (DR site) in Delhi.

Shares of MCX rose marginally to close at Rs 986.70 on the BSE.

Financial services major Reliance Capital plans to set up a global commodity exchange in International Finance Service Centre at GIFT City here, along with a host of other international business units.

Commodity markets regulator FMC has rejected the appointment of Balasubramaniam Venkataramani as MD and CEO of MCX, after it found that the exchange did not follow the applicable guidelines in this regard.

The Reserve Bank on Thursday allowed Non-Banking Financial Companies (NBFCs) to use gold price at commodity exchange to determine the value of the metal for purpose of advancing loans against it.

MCX has sought more time from Sebi to hold warrants totalling 58.25 crore.

Gold prices for delivery in far-month August shed Rs 59, or 0.22%, to Rs 27,120 per 10 gm in business turnover of seven lots.

At the Multi Commodity Exchange, gold for delivery in June eased by Rs 53, or 0.20 percent, to Rs 26,815 per 10 grams in a business turnover of 239 lots.

At the Multi Commodity Exchange, gold for delivery in June eased by Rs 106 or 0.39 per cent to Rs 27,132 per 10 gm in a business turnover of 236 lots.

The Bombay Stock Exchange plans to start its own commodity exchange by next fiscal year, BSE's Chief Executive Officer and Managing Director Ashishkumar Chauhan has said.

These exchanges had made a business of Rs 85.28 lakh crore between April and January 15 of the last financial year.

Country's largest commodity exchange MCX Thursday invited expressions of interest from potential investors to divest its stake in MCX-SX and MCX-SX Clearing Corporation Ltd.

Country's largest commodity exchange MCX has requested SEBI to allow the company to retain its stake in MCX-SX and MCX-SX CCL.

Financial Technologies (FTIL) on Saturday said it has signed a 10-year long-term technology contract with the commodity exchange MCX, resulting in negative impact of nearly Rs 9 crore on its total income for this fiscal.

Financial Technologies (FTIL) on Wednesday exited country's largest commodity exchange MCX by selling its residual 5 percent stake in the bourse, it had originally promoted, for over Rs 200 crore.

The bourse, meanwhile, maintained its market share in non- agricultural commodities above 99 percent since Q2 2013-14.