ICEX gets Sebi nod to recommence operations

The Indian CommodityExchange (ICEX), where Reliance Capital is an anchor investor, has got markets regulator Sebi’s approval to recommence operations, which are expected to begin in November.

Trading on ICEX has been suspended for two years.

Earlier this week, Reliance Capital chairman Anil Ambani had announced that the firm will re-launch its commodity exchange with focus on diamond and crude oil futures. The exchange aims to make diamond futures its flagship product with potential daily turnover of over Rs 6,000 crore.