Commodity derivatives: NCDEX's clearing corporation set to go live in Sept

NCDEX is in the final stage for launching of its clearing corporation

The markets regulator is working to expand the width and depth of the commodity derivatives market.

Among the measures are a clearing corporation which is separate from an exchange’s trading function, allowing equity and commodity exchanges to enter each other’s area, inviting proposals for commodity index futures and rules for entry of foreign traders.

These were mentioned by S K Mahanty, full-time member of the Securities and Exchange Board of India. He was speaking at the launch of the country’s first clearing corporation for commodities, floated by the Multi Commodity Exchange (MCX, as a 10 per cent subsidiary, with Rs 1.5 billion