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How do National Commodity Exchanges differ from other Commodity Exchanges?

April 26, 2017commodity differ exchanges National

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How do National Commodity Exchanges differ from other Commodity Exchanges?

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National Commodity Exchanges would be granted recognition in all permitted commodities; the other exchanges have to approach the Government for grant of recognition for each futures contract separately. Also, National Commodity Exchanges would be putting is place the best international practices in trading, clearing, settlement, and governance.