To make up for the loss of growth and development during the 4 decades of restrictive government policies, Forward Markets Commission (FMC) and the Government encouraged setting up of the commodity exchanges by means of the most modern systems and practices in the world. Some of the major regulatory measures imposed by the FMC contain daily mark to market system of margins, creation of trade guarantee fund, back-office computerization for the existing single commodity Exchanges, online trading for the new Exchanges, demutualization for the new Exchanges, and one-third representation of independent Directors on the Boards of existing Exchanges etc. Responding optimistically to the favorable policy changes, several, Nation-wide Multi-Commodity Exchanges (NMCE) have been established ever since 2002, using modern practices such as electronic trading and clearing.
When the first national level commodity derivatives exchange started, the exchanges had conducted quick business in commodities futures trading. Last three year from the year 2006, there has been a great recovery of the commodities futures trading in India, both in terms of the number of commodities allowed for futures trading and also in the value of trading. Although in year 2000, futures trading were allowed in only 8 commodities, the number shoot to 80 commodities in June 2004. The value of trading in local currency viewed a quantum shoot from about INR 350 billion in 2001-02 to INR 1.3 Trillion in 2003-04.
See Also: Foreign Exchange Market In India
The market regulator Forward Markets Commission (FMC) broadcasted fortnightly trading data for each of the 3 national & 21 regional exchanges in order to carry on the futures trading in commodities in the country.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.