FMC may ask bourses to revive or remove illiquid contracts

FMC may ask bourses to revive or remove illiquid contracts
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First Published: Thu, Oct 15 2009. 04 15 PM IST
Updated: Thu, Oct 15 2009. 04 15 PM IST
Mumbai: The Forward Markets Commission (FMC) may soon ask commodity bourses to either revive or remove illiquid contracts from trading, a member of the commission said.
“We have discussed with the bourses....a final decision will soon be taken on how illiquid contracts can be revived or removed,” he said late on Wednesday.
Illiquid contracts are those which are not traded regularly.
Indian commodity bourses have over 50 regularly traded commodities with active trade seen in only about 20 of them, another official at the commodity futures market regulator said.
“Market participants may need some awareness about the product or may be some tweaking of contract specification will work,” the FMC member said at launch of Commodity Insights Yearbook 2009, published by Multi Commodity Exchange (MCX) and PricewaterhouseCoopers.
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First Published: Thu, Oct 15 2009. 04 15 PM IST
More Topics: FMC | Commodity | Bourses | Markets | Money Matters |