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by Laurence Davison
India’s finance ministry has agreed to NYSE Euronext’s purchase of a 5% stake in the country’s Multi Commodity Exchange (MCX). The deal values the platform at over $1bn. While the purchase, originally announced in February, had not been...
"[This will] further consolidate the DME Oman contract as the third global crude oil pricing benchmark, alongside WTI and Brent.”
Ahmad Sharaf, chairman of the Dubai Mercantile Exchange