SEBI allows custodial services in commodity market

Markets regulator Securities and Exchange Board of India (SEBI) has recently allowed custodial services in the commodity derivatives market. Under the new framework, existing custodians will be permitted to add commodities as an asset class and provide physical delivery of ..

Tags: Commodity • Commodity Futures Modernization Act • Custodian bank • Derivative • Finance

Multi Commodity Exchange of India platform launches India’s first options contract on copper futures

The Multi Commodity Exchange of India Ltd. (MCX) has launched the India’s first options contract on copper futures on May 21, 2018. The option contract will provide physical market participants an additional instrument to hedge their risk. Currently, June, August ..

Tags: Commodity • Commodity markets • Exercise • Finance • Financial law

Vijay Kumar appointed as MD & CEO of National Commodity & Derivatives Exchange Limited

Vijay Kumar has been appointed the new Managing Director (MD) and Chief Executive Officer (CEO) of National Commodity & Derivatives Exchange Limited (NCDEX) for three years with effective from January 18, 2018. He succeeded Samir Shah. He has over 25 ..

Tags: Business • Cargill • Commodity • Food and drink • Food industry