Gov invities feedback on common clearing platform for commodity exchnages

The govt in June this year had constituted a working group to streamline the clearing mechanism for commodity exchanges

In a bid to increase  transparency and strengthen the clearing mechanism for commodity exchanges the government of India has proposed for a common clearing system for all commodity exchanges.

As per a release by the government it would reduce the reduce transaction cost for market participants and strengthen the risk management systems. 

The government in June this year had constituted a working group to streamline the clearing mechanism for commodity exchanges. It is learnt that the group has submitted its report.

The ministry has sought feedback from market participants within 30 days.