However, the new regulations have set high propriety risks requiring the companies to have to liquidity valued at 50 per cent of total operating costs of the commodity exchange
for the next one year period.
The platform has been opened as part of the implementation of the presidential decree of Uzbekistan and the cooperation agreement signed between UZEX and the ETS commodity exchange
'Government will make sure that the Ghana Commodity Exchange
delivers on its mandate, and promotes high productivity, price stability, increased exports and reduced imports of commodities.
She further explained that: 'The Nigeria Commodity Exchange
was set up basically to replace the commodity boards that were abolished in the 1980s.
In the past, MoUs have been signed with five exchanges namely; Borsa Istanbul, Izmir Commodity Exchange
(ICE), Dubai Gold and Commodities Exchange (DGCX), Iran Mercantile Exchange (IME) and Dalian Commodity Exchange
23 ( ANI ): The Central Bureau of Investigation (CBI) registered a case against 63 Moons' former chairman Jignesh Shah, in the launch of Multi Commodity Exchange
Samy revealed a number of features of the regulations included in the draft, such as establishing a joint company to establish the commodity exchange
Equity shares of M/s Multi Commodity Exchange
of India Limited can now be purchased through primary market and stock exchanges.
Agriculture - Common commodities in agriculture include wheat, corn, maize, oats, rice, soybeans and they are traded in the Chicago Board of Trade (CBOT), the Kansai Commodities Exchange (in Osaka, Japan), the Risk Management Exchange (RMX-in Hannover), the Minneapolis Grain Exchange, the Winnipeg Commodity Exchange
(WCE), The Tokyo Grain Exchange (TGE) and Euronext.
"Based on the primary agreement on preparing the proposal for launching the Interexchange Information Center in IME, we could expect for having a better development and use of synergies and potential of this cooperation through member commodity exchanges
," Soltaninejad said in the meeting.
"This merger would lead to a fall in the number of brokers at the commodity exchanges
, as Sebi may not allow them to do business other than broking, which is in line with the rules followed by brokers in the securities market.