Domestic commodities market lacks connection between spot and futures despite the latter's bearing on the former, said Suresh Kotak, chairman Kotak Commodity Services Ltd, in a privately organised seminar in Mumbai. | |
| Although futures trading has gained good momentum in the last two-and-a-half years in India, option trading is far away which Chicago Board of Trade (CBOT) has started recently. |
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| Emphasising on the need of options trading, Kotak said that the bullion trade in India needs a connection between spot and futures for better transparency and gaining traders' confidence. Although Indian commodities markets are going in right direction, the futures exchanges need to do a lot to keep the momentum going, Kotak said. |
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