Spot exchange for agri and non-agri commodities may soon be a reality
DSIJ Intelligence / 24 Jan 2017
The Securities and Exchange Board of India (SEBI) proposed an idea of making a spot market for agri and non-agri commodities.
The Securities and Exchange Board of India (SEBI) proposed an idea of making a spot market for agri and non-agri commodities.
With a spot market in place, future market price discovery will be more efficient, as it would reflect the movements happening in underlying commodities.
As per sources, SEBI has also proposed a framework for the spot market in a recent meeting held of Financial Stability Development Council (FSDC). As per sources, SEBI has also sought recommendations from different exchanges to make a framework for spot exchanges. Exchanges also see immense potential in it.
We may see the government coming up with an appointed expert to govern and oversee the guidelines for a spot market. It could also be an integrated market where we would see spot and future securities trading on same exchange.
At present, Multi Commodity Exchange of India Ltd (MCX) which is considered as the largest Indian commodity future exchange is listed in NSE and BSE with a market capitalisation of more than Rs 6000 crore.
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