NMCE, ICEX to merge to create India’s third biggest commodity exchange

Posted on:04 Jul 2017 09:26:22
NMCE, ICEX to merge to create India’s third biggest commodity exchange
04 July 2017 Current Affairs: National Multi-Commodity Exchange (NMCE) will merge with Indian Commodity Exchange (ICEX).

This is the first merger deal in the commodity exchange space in India. It has been approved by the boards of both exchanges and is expected to be completed by December 2017.

It offers the world’s first diamond futures contract, which has already received in-principle approval from the marker regulator Securities and Exchange Board of India (SEBI).

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