Icex

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  SEBI Notifies Withdrawal Of Recognition Granted To Indian Commodity Exchange

  Market regulator Sebi has notified that the recognition granted to the Indian Commodity Exchange Ltd (ICEX) has been withdrawn, formally signifying its exit from the bourse business.

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  ICEX Expects To Resume Operations By March-End

  ICEX, a screen-based online derivatives exchange for commodities, has already received in-principle approval from Sebi for commencement of business and trade operations for diamond, crude and Brent oil contracts.

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  Indian Commodity Exchange Raises Rs 50 Cr; Plans June Launch

  Initially, ICEX would focus on non-agri products such as precious metals and crude and the offerings will be expanded to other commodities in due course.

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  MMTC Sells 10% Stake in Commodity Bourse ICEX

  State-owned trading firm MMTC on Wednesday said it has sold a 10 per cent stake in Indian Commodity Exchange (ICEX) for Rs 20 crore.

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  Bharti Airtel's Akhil Gupta Invests in Anil Ambani's Commodity Bourse: Report

  Bharti Airtel group veteran Akhil Gupta has become an investor in Indian Commodity Exchange (ICEX), part of billionaire Anil Ambani-led Reliance Group, buying a five per cent stake in the bourse, valuing it at Rs 200 crore.

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  Nippon Life to Up Stake in Life Insurance, MF Business: Anil Ambani

  Bullish on growth prospects of his group's financial services businesses, industrialist Anil Ambani on Wednesday said Japanese major Nippon Life is in an advanced stage of talks to hike stake in Reliance Life Insurance and Reliance Mutual Fund units within this financial year.

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  MMTC Jumps 7%, Board Approves ICEX Stake Sale

  ICEX (Indian Commodity Exchange), which was promoted by Reliance Capital and Indiabulls group closed its operation in 2014, as its networth eroded by 80 per cent from Rs 100 crore at the start of operation in 2009 due to poor operational performance.

• MMTC Keen to Sell its Stake in Indian Commodity Exchange

  Besides, commodities markets regulator Forward Markets Commission (FMC) has also issued a show-cause notice to ICEX to scrap its registration because no business has been generated on the exchange since December 2013.

• FMC Issues Norms to Protect Member, Client in Suspended Bourse

  The Forward Markets Commission (FMC) has come out with fresh norms to protect the interest of members and clients of the exchanges which have suspended trading operations.

• NSEL crisis: Investors in commodity bourses jump ship

  The Indian Commodity Exchange (ICEX) is set to fold due to plummeting trading volume as a result of the government's failure to liberalise and investors' retreat from futures markets after a major financial scandal at National Spot Exchange Ltd (NSEL) last year.

• Commodity exchanges' turnover falls 59 per cent in first half of January

  Turnover of 17 commodity bourses fell 59 per cent to Rs 2.82 lakh crore in the first fortnight of this month, with maximum decline in business seen at MCX, ACE and ICEX.

• ICEX decides to close down; exploring strategic alternatives

  The exchange will not offer any new contracts and expects to close by May, after existing contracts expire.

• Commodity bourses' turnover down 60 per cent in first fortnight of December

  Turnover of the commodity exchanges fell 60 per cent to Rs 2.77 lakh crore in the first fortnight of December due to a sharp drop in trading volumes in most commodities.

• FMC gives bourses extra time to register warehouses with WDRA

  For better regulation of warehouses, FMC had asked the national commodities bourses -- MCX, NCDEX, NMCE, ICEX, ACE and UCX -- to register their warehouses with the Warehousing Development & Regulatory Authority (WDRA) and obtain the accreditation certification before December 31.

• Commexes to open Diwali muhurat trading for 2 hours on November 3

  The commodity bourses -- MCX, NCDEX, NMCE, ACE, ICEX and UCEX -- are allowed to fix the muhurat trading session on November 3 (Sunday) from 6 pm to 8 pm in all commodities, FMC said in a circular.