ICEX launches world’s 1st di­a­mond fu­tures

India Business Journal - - NEWS ROUND-UP -

Indian Com­mod­ity Ex­change (ICEX), a screen-based, on­line, de­riv­a­tives ex­change for com­modi­ties, went live with launch of di­a­mond fu­tures last month. ICEX has a rare dis­tinc­tion of of­fer­ing the world’s first de­riv­a­tives con­tracts in di­a­monds. The di­a­mond con­tracts launched by ICEX will ini­tially be in the size of 1 carat with com­pul­sory de­liv­ery. The ex­change is ex­pected to result in ef­fi­cient price dis­cov­ery and pro­vide an ef­fec­tive hedg­ing plat­form for all stake­hold­ers of the di­a­mond in­dus­try. The in­au­gu­ral event of ICEX was graced by sev­eral prom­i­nent dig­ni­taries.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.