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ICEX changes trading technology, offers facility to execute large orders

The exchange's total volume, after two weeks of launch, has increased to 17,524 lots

ICEX, diamond
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Praveen Pandya (from left), chairman, GJEPC, Anoop Mehta, president, Bharat Diamond Bourse, Ashok Sinha, chairman, ICEX and Sanjit Prasad, MD & CEO, ICEX, at the launch in Mumbai on Monday. Photo: Kamlesh Pednekar

Dilip Kumar Jha Mumbai
The Reliance ADAG-anchored Indian Commodity Exchange (ICEX), which offers futures trading in polished diamond, has decided to offer computer-to-computer link (CTCL) trading facility to its members. CTCL will have facility to execute large orders at one go.

 Members of the exchange, who want to use the CTCL/ Internet-based trading services, will now be able to use this facility, thereby, helping improve volumes for the exchange as well as its members. 

ICEX had commenced futures trading in diamonds using TWS (trader work stations) which had limited number of trades that could be punched and the CTCL facility will now enable trading