MCX, NCDEX gear up for index futures post Sebi nod, ICEX has no plans

NCDEX is also looking for partners to professionally managing index calculation and maintenance on its behalf

Commodity exchanges in India are gearing up to launch futures trading in indices after the market regulator allowed them to launch products in this segment last week.

The Securities and Exchange Board of India (Sebi) last week allowed comexes to launch futures trading in indices after seeking prior permission. Following this circular, leading commodity exchanges, including the Multi Commodity Exchange of India (MCX) and National Commodity and Derivatives Exchange (NCDEX), have started preparations in this direction.

They are set to launch futures trading in indices soon.

"NCDEX has designed a composite agri-commodities index along with few sectoral indices as per the