After Sebi nod, ICEX to start live trading again by end of August

Indian Commodity Exchange Limited (ICEX), the Reliance Capital-anchored national online derivatives exchange for commodities, has received the Securities and Exchange Board of India's (Sebi's) approval to re-commence live trading operations. 

ICEX said in a media note that it has successfully complied with all Sebi-mandated norms prescribed for commodity exchanges. "With all requisite approvals in place, ICEX is poised to go live by end-August 2017," said Sanjit Prasad, MD and CEO of ICEX. 

Last week, the exchange announced its merger with Ahmedabad-based National Multi-Commodity Exchange. 

The exchange has already received Sebi's approval to launch its diamond futures contract, which is the first of its