SEBI approves resuming trading operations in ICEX

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Securities and Exchange Board of India (SEBI) has given its approval to Reliance Capital anchored, Indian Commodity Exchange (ICEX) for resuming its trading operations.

After a gap of three years as the bourse has complied with all SEBI mandated norms, the exchange will resume its trading operations by the end of next month.

ICEX, a screen-based online derivatives exchange for commodities, has already received approval from SEBI for the commencement of business and trading operations for diamond. It has applied for crude and Brent oil contracts.

Recently, ICEX announced that National Multi Commodity Exchange (NMCE) will merge with itself. Reliance Capital, part of Anil Ambani-led Reliance Group, is the largest investor in the exchange.


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