AHMEDABAD'S National Multi Commodity Exchange (NMCE) of India launched ready delivery contract trading in Malabar garbled black pepper and RSS-4 grade rubber in the southern Indian city of Kochi on June 7. S Sundareshan, chairman of the Forward Markets Commission (FMC) said: "The product is on the lines of the T+2 settlement system in equity markets and NMCE is using its online trading platform for the new offering. By evening, all outstanding positions have to be settled by actual deliveries, not by price fixation." As many as 90 commodities have been approved for trading by the FMC at different exchanges and nearly 80 are being actively traded. Requests continue for more commodities such as ethanol and coal... Read More