MCX to launch trading in three indices
Unperturbed by the wild false allegations, the country's largest commodity exchange MCX plans to launch index trading in three of its flagship indices iComdex Composite Index, iComdex Bullion and iComdex Base Metal.
PS Reddy, Managing Director, MCX told BusinessLine that the exchange has completed taking feedback from market participants on launching index trading on three of its indices and will be filing with SEBI soon seeking permission.
"We had discussions with market participants and taken their feedback. We are in the final stage of filing with SEBI for index trading in iComdex Composite Index, iComdex Bullion and iComdex Base Metal.
In June, SEBI allowed exchanges to launch trading in commodity futures indices and issued detailed guidelines. The constituents of the composite indic ...