|
|
India Approves Diamond-Futures Trading
Jan 9, 2017 10:46 AM
By Rapaport News
|
|
|
RAPAPORT...
Trading in diamond futures is on course to launch in
March after the Securities and Exchange Board of India (SEBI) gave its in-principle
approval for the platform.
The decision, which is still subject to certain regulatory
approvals, comes after the government said on September 28, diamonds can be
included in a list of commodities that are used in derivatives trading.
Trading will take place on the Indian Commodity Exchange
(ICEX) in three categories of diamond futures: 0.30 carats, 0.50 carats and
1 carat.
Futures will help sellers hedge volatility in polished
prices, the ICEX said last week. |
|
|
|
|
|
|
|
|
|
Tags:
Diamond-futures trading, Futures, futures trading, ICEX, Indian Commodity Exchange, Rapaport News, Sebi, Securities and Exchange Board of India, trading
|
|
|
|
|
|
|
|
|
|
|
|
|