Indian commodity futures trade rose 29.09% to Rs 52.49 lakh crore during financial year 2009, a director with the Forward Markets Commission (FMC) said on Thursday.
The Multi-Commodity Exchange of India dominated the space during the year with 87.41% of trade, a rise from their earlier share of 76.88% .
The National Commodity and Derivatives Exchange accounted for 10.21% of trade, lower than previous share of 19.08%.
The National Multi-Commodity Exchange had 1.17% of trade up from 0.63%.
Forward Markets Commission chairman BC Khatua had in September expected futures trade in the country to grow more than 40% to Rs 57 lakh crore in the year to March 2009.
India, which allowed futures trading in commodities in 2003, has one of the fastest-growing commodity futures markets with 22 commodity bourses, of which three operate at the national level.
A proposed fourth bourse may be operationalised by June.
Tuesday, April 14, 2009
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