MCX builds Indian commodity lead as NCDEX trades decline
24 Jul 2008
The latest data shows that India’s Multi Commodity Exchange continues to build up its volume and market share while its rival the National Commodity and Derivatives Exchange continues to suffer from bans on the trading of certain commodity futures in India.
But with some of the bans set to expire in September, NCDEX may have a chance to rebuild its franchise as its own volume has at least held steady during a turbulent period.
According to data from India’s Forward Markets Commission, this June 34.51m contracts were traded on MCX — a 77% increase on the...
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