NCDEX is no NSEL; but its castor seed episode is a wake-up call
When the Forward Markets Commission (FMC) regulated commodity derivatives markets, they were always perceived to be weaker in terms of regulation vis-a-vis their equity counterparts
Taking the commodities futures markets under its wings has been something of a baptism by fire for the Securities and Exchange Board of India (Sebi). Barely four months into the job, it learnt that the National Commodity and Derivatives Exchange Ltd (NCDEX) has suddenly suspended its castor seed futures contracts.
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