NCDEX predicts 2007 institutional access

04 May 2007

Indian financial institutions will be able to trade on domestic commodity exchanges within six months, followed closely by overseas access, according to National Commodity and Derivatives Exchange (NCDEX)'s head. Meanwhile, the continuing ban on the trading of certain commodities has damaged NCDEX's growth projections.

"We are optimistic that financial...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.