“We are hoping that in the next few months, we can request Sebi for a re-launch of castor contracts,” Shah added. In January, NCDEX suspended castor seed contracts expiring in February and beyond, suspecting manipulation and concentration of trades. As an exchange, it is their prerogative to think about a re-launch of castor contracts which did bring in volumes to the exchange,” she said. The National Commodity and Derivatives Exchange (NCDEX) is preparing to approach the capital markets regulator for permission to relaunch its castor seed contracts suspended five months ago, a top executive said. According to Rajini Panicker, head of research, commodities at PhillipCapital, it will be the regulator that decides when NCDEX can restart castor contracts.

Source: Mint July 03, 2016 18:56 UTC