MCX power exchange may pip rival’s

03 Aug 2007

India’s Multi Commodity Exchange (MCX)’s co-run power exchange project could be completed before a similar plan being put into place by rival National Commodity and Derivatives Exchange (NCDEX).MCX’s Indian Energy Exchange (IEEL), a joint venture with...

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“At the highest level of economic motivation for their actions and most generous interpretation of them, they are trying to influence prices in a way that benefits mankind and they should be considered heroes for it.”

John Lothian on speculators in the commodity markets.