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10
July 2017
Indian
Commodity Exchange Ltd (ICEX), a screen based on-line derivatives exchange for
commodities, on Monday said it has received approval from Securities and
Exchange Board of India (Sebi) to re-commence live trading operations. The Total Investment & Insurance Solutions
In
a statement issued here, ICEX said it has successfully complied with all Sebi
mandated norms prescribed for the commodity exchanges, and implemented
world-class technology and risk management systems. The Total Investment & Insurance Solutions
The
exchange has already received approval from SEBI to launch the diamond futures
contract - the first in the world. The Total
Investment & Insurance Solutions
The
exchange has all necessary infrastructure to handle deposits, grading and
sealing, vaulting and deliveries of diamonds as part of its preparation to
launch the diamond contracts, the statement said. The Total Investment & Insurance Solutions
"We
are grateful to Sebi for granting the final approval to ICEX for
re-commencement of trading operations. With all requisite approvals in place,
ICEX is poised to go-live by end-August, 2017," said ICEX MD and CEO
Sanjit Prasad, as per the statement.
Prior
to launch, ICEX will now be stepping up enrolment and training of members,
conducting mock trials and other aspects.The
Total Investment & Insurance Solutions
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