Page 2 - Commodity Exchanges
Global bourses eye Indian equity and commodity exchanges
With the Securities and Exchange Board of India (Sebi) increasing the limit of a foreign entity in Indian stock exchanges from five per cent to 15 per cent, bankers expect global exchanges to raise their stake or buy stakes in the existing equity and commodity exchanges. Deutsche Börse could raise stake in the BSE to 15 per cent. The CME group has been keen to buy stake in the Multi-Commodity Exchange since many years. Exchanges from countries like Japan would also be interested, said an investment banker. The National Commodity and Derivatives Exchange (NCDEX) and the National Multi Commodity Exchange (NMCE) are other potential exchanges that could attract foreign investments.Rajesh BhayaniFirms rush to file draft prospectus before September 30There is a rush of companies to file draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). Sources said that as many as 15-20 companies might file their DRHP this week. Sebi regulations require that audited
 "Global bourses eye Indian equity and commodity exchanges")
Sebi allows comexes to modify futures contract specifications
However, exchanges must inform Sebi and market participants well in advance before any modification
 "Sebi allows comexes to modify futures contract specifications")
Sebi directs commexes to bring transparency in price polling
The regulator has asked exchanges to disclose selection criteria of these polling participants
 "Sebi directs commexes to bring transparency in price polling")
Commodity prices on upswing as investors return
US rate hike will drive investors to bonds
 "Commodity prices on upswing as investors return")
Comexes seek exemption of commodity futures from CTT
Effective July 2014, CTT has increased the cost of transaction in futures by as much as 300%, prompting SMEs to move to overseas platforms
 "Comexes seek exemption of commodity futures from CTT")
