March 24, 2019

Indian Commodity Exchange-ICEX -Turnover Jumps 5 Times

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Organization Profile

Indian Commodity Exchange Limited (ICEX) is SEBI regulated online Commodity Derivative Exchange. Headquartered at Mumbai, the exchange provide nationwide trading platform through its appointed brokers.
Some of Prominent shareholders are MMTC Ltd, Central Warehousing Corporation, Indian Potash Ltd, KRIBHCO, Punjab National Bank, IDFC Bank Ltd, Gujarat Agro Industries Corporation, Reliance Exchangenext Ltd, Bajaj Holdings & Investment Ltd, Gujarat State Agricultural Marketing Board, NAFED and Indiabulls Housing Finance Ltd.
The exchange launched world’s first ever Diamond derivative contracts. ICEX aims to provide futures trading products in India’s all economically relevant commodity. At present it offers futures contract in Diamond. Providing desired price risk hedging solution to the trade through innovative contract designing forms core value of ICEX.
This exchange is ideally positioned to leverage the huge potential of commodities market and encourage participation of actual users to benefit from the opportunities of hedging, risk management and supply chain management in the commodities markets.
ICEX is the first exchange in India to adopt global hi-tech platform that ensures automatic and seamless switch-over from its Data Center (DC) to the Disaster Recovery (DR) site with zero data loss in case of exigencies. The technology platform has highly optimized processing techniques, which enables the system to handle very large orders with latencies under 300 microseconds.

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Does Reliance Group as anchor investor mean Anil Ambani Group ? ( PLEASE RECHECK )


NCLT approves merger of Ahmedabad based NMCE with Reliance-anchored ICEX The merger will create India's third largest commodity exchange after MCX and NCDEX Dilip Kumar Jha | Mumbai Last Updated at September 3, 2018 23:39 IST The National Company Law Tribunal (NCLT) has approved the merger of Ahmedabad-based National Multi Commodity Exchange (NMCE) with Relianceanchored Indian Commodity Exchange (ICEX). This has created the third largest commodity exchange in India only after Multi Commodity Exchange of India (MCX) and National Commodity and Derivatives Exchange (NCDEX). With this, the boards of both the exchanges are set to meet this week to formalise and execute the merger process. NMCE will cease to exist post filing documents with the Registrar of Companies (RoC). The merger is set to benefit both the exchanges. Post merger, all contracts of NMCE would automatically be migrated to ICEX to help boost the latter’s inorganic growth. “The merger will bring ICEX to the new paradigm with automatic shifting of active agri and non-agri contracts from NMCE. This will add around Rs 2,000 million daily average turnover (DAT) of NMCE to the existing DAT of Rs 350 million on ICEX. Hence, all inorganic growths of the exchange are welcome,” said Sanjit Prasad, managing director and chief executive officer, ICEX. With around 30 staff members working for NMCE, primarily in business development, the overall manpower of the merged entity would go up to 130. “We have made plans to remain in business for the long term. We are working towards the launch of equity, interest rate futures, currency and futures and options (F&O) segments. We have not made any concrete plan in this regard,” said Prasad. ICEX launched steel futures last week which is witnessing a steady growth in volume. Steel futures have witnessed 9,000 tonnes of trading volume and 1,500 tonnes of open interest in a short span of five days.

The merged entity will have a wide and diverse set of shareholders, including Central Warehousing Corporation, Bajaj Holdings, Reliance Capital, Punjab National Bank, NAFED, Indiabulls Housing Finance, MMTC, Gujarat Agro Industries Corp, IDFC Bank, Kribhco and India Potash, among others.


Source ( Caution - These are Old Posts )

file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/03092018_BS.pdf ( copy paste this URL / Link )


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It appears some shares of ICEX -Indian Exchange are available with Dealers of Rare Indian Shares for Sale / Purchase ( Please Recheck )


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