Continuous trading in commodity futures gets FMC’s approval

Commodity market regulator FMC has given permanent approval to four bourses - MCX, NCDEX, NMCE and ACE - for launching trade in particular set of futures contracts, instead of giving permission on an yearly-basis.

This relaxation has been given to four national bourses subject to certain conditions and also depending upon volume and level of traders' participation in a particular contract. Forward Markets Commission said this will ensure the commodity futures market functions efficiently for price risk management and stakeholders are able to discover the future price of commodities.