A turf war over gold futures business has escalated in India
between Multi Commodity Exchange (MCX) and its rival National
Commodity and Derivatives Exchange (NCDEX).
The country presently sees an underlying $102m worth of gold
and silver futures transacted each day, of which MCX accounts
for 75% by value with NCDEX taking the balance. A third
exchange, National Multi-Commodity Exchange, also offers
bullion futures but trade has been negligible.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.