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This is an archive article published on May 31, 2010

Bhatinda exchange derecognised

Commodity market regulator Forward Markets Commission FMC has de-recognised regional exchange Bhatinda Om amp; Oil Exchange for futures trading in gur.

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Commodity market regulator Forward Markets Commission FMC has de-recognised regional exchange Bhatinda Om amp; Oil Exchange for futures trading in gur.

8220;Recognition to Bhatinda Om amp; Oil Exchange lapsed on March 31,2010 and is,therefore,no longer an association recognised for forward trading in gur,8221; FMC said in a statement.

The exchange was given recognition for futures trading in gur for three years starting April,2007,it said. Currently,there are four national and 19 regional commodity exchanges in India.

 

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