Last Updated : March 17, 2010 17:55
MCX takes off BBA member from square-off mode
MUMBAI (Commodity Online): India's Multi Commodity Exchange (MCX) has taken off 12 members of the Bombay Bullion Association (BBA) from the square-off mode after a meeting with BBA executives.
The exchange banned 12 members of BBA on Tuesday from taking part in the new
Gold futures contracts trade for not fulfilling some of its norms. MCX official said that the members are free in trading with MCX gold futures now as the compliance has been done.
However, the BBA alleged that their members were not allowed to participate in trade on the MCX since 3.30 p.m today.
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He said the BBA can now sign trading agreement with any other commodity exchanges in the country. "We are looking to sign a deal with the Indian Commodity Exchange," he added.
MCX SILVERMICRO 30 June 2012
contract was trading at
Rs 55960 , up Rs. 228 . What's your view on it?
