Indian Commodity Exchange Limited

Indian Commodity Exchange Limited (ICEX) is an on-line derivatives exchange for commodities and it has established a reliable, time tested and a transparent trading platform. Its head office is located in North India (Gurgaon).

ICEX has Reliance Exchangenext Ltd. as anchor investor and has MMTC Ltd., Indiabulls Financial Services Ltd., Indian Potash Ltd., KRIBHCO and IDFC, among others, as its partners.

The membership of the exchange is open to all market participants, with various categories including: Trading Member (TM), Trading cum Clearing Member (TCM), Professional Clearing Member (PCM), Institutional Trading cum Clearing Member (ITCM). Following types of entities are eligible to become members of ICEX: Individual / Proprietorship Firm, Private Limited Company, Public Limited Company, Co-operative Societies, Registered Partnership Firm, Hindu Undivided Family (HUF).

Commodities that are permitted for trading on the exchange include: Gold, Silver, Copper, Zinc, Nickel, Crude Oil, Natural Gas, Refine Soya Oil, RM Seed or Mustard Seed, etc.

ICEX has signed a Memorandum of Understanding (MOU) with two Gujarat based premier bullion trade associations (Shree Choksi Mahajan and The Gem & Jewellery Trade Council of India in Ahmedabad) for the development of the commodities market and trade, joint awareness and campaigning programmes, research and development on various commodities and dissemination of real time prices and trade information.

ICEX and The Federation of Indian Mineral Industries (FIMI), New Delhi have entered into a Memorandum of Understanding to mutually share their knowledge and promote the development of an efficient Iron Ore futures market with an aim to establish risk management tools for the industry.

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