Monday, September 23, 2013

FMC may allow late trading in agri commodities.

Commodity markets regulator Forward Markets Commission (FMC), may allow late evening trading in agri commodities to increase market participation.

“We are discussing with exchanges and other trade participants as to how we can start late-evening trading in agriculture commodities as some spot markets remain open till 8 p.m.,” FMC Chairman Ramesh Abhishek said.
At present, late evening trading is allowed in metals and energy products till 8 p.m., where prices follow global markets.

Commodity exchanges have been demanding longer trading hours in sugar and soybean as against the present 10 a.m to 5 p.m slot.

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