Indian commodity volumes quadruple in a year

29 May 2006

The total value of India's commodity futures trading volumes was INR21.3tr ($484bn) in the year 2005/6, compared to INR5.71tr a year earlier, according to data from the Indian government's...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.