NCDEX Filed a Writ of Petition against the FMC Regarding Transaction Charges

 

NCDEX filed a writ of petition against the FMC stating it should be allowed to modify transaction charges without the FMC’s interference.  The FMC stated it is finalizing its argument, which will be submitted to the Court on the date of the hearing.

Last week, NCDEX decided to reduce transaction charges by allowing trading in farm products to take place between 10 a.m. and 5 p.m., and trading of non-agro products between 5 p.m. and 11:30 p.m.  Additionally, uniform transaction charges were reduced to Rs 3 per lakh of all trading of commodities between 10 a.m. and 5 p.m.

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