Home > Business > Commodity exchanges turnover to cross Rs 100 trillion-mark in 2010

Commodity exchanges turnover to cross Rs 100 trillion-mark in 2010

Wednesday, December 22, 2010
By Laxmi Devi

It has been a year to remember for commodity exchanges in the country, with their cumulative turnover set to cross the Rs 100 trillion-mark in 2010 and the government also introducing a Bill in the Lok Sabha that aims to expand the futures market.

The cumulative turnover of the commodity market — trading on which was re-introduced in April, 2003, by the government — is expected to register a 50 per cent jump to a record Rs 105,00,000 crore by the end of this year from Rs 70,00,000 crore last year.

“I expect the overall turnover of commodity futures market would be Rs 105,00,000 crore by 2010-end,” commodity markets regulator Forward Markets Commission (FMC) Chairman B C Khatua told PTI.

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