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Next wave of regulatory changes allow spot exchanges to come up in commodity space, says MCX

Updated : January 15, 2019 06:28 AM IST

The next wave of regulatory changes will allow spot exchanges to come up in the commodity space and it’s something that Multi Commodity Exchange (MCX) is eagerly waiting for, said Mrugank Paranjape, MD and CEO.

“Therefore, from our perspective, our ground still remains commodities whether its derivatives or spot but in terms of other opportunities, we will evaluate them," Paranjape said.

MCX is evaluating inorganic growth opportunities and the volume could touch 30 metric tonne if all gold exchange-traded funds (ETFs) invest in commodity derivatives, he said.

The liquidity does not move even if there is some financial advantage because of the network effect, it’s because of the fact that you have the liquidity and people feel more comfortable, Paranjape added.
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