FMC revises norms for daily price limit of commodities
FMC's decision comes in the wake of market participants' contention that the absence of such a directive was creating operational difficulties in the market
The Forward Markets Commission (FMC) has said that it will stop trading in a commodity if it reaches the daily price limit only for 15 minutes and only in the contract of the commodity which has reached the daily price limit.
Last month, FMC had issued a circular stating that if any contract reaches the daily price limit of a commodity, then trade will stop in the commodity's other contracts, too.
FMC's decision comes in the wake of market participants' contention that the absence of such a directive was creating operational difficulties in the market.
Last month, FMC had issued a circular stating that if any contract reaches the daily price limit of a commodity, then trade will stop in the commodity's other contracts, too.
FMC's decision comes in the wake of market participants' contention that the absence of such a directive was creating operational difficulties in the market.