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Rajesh Bhayani: Comexes wait for critical mass
The United Commodity Exchange (UCX) is getting ready to enter the crowded space of the Indian commodity futures market. The exchange is in the final round of discussions with domestic and foreign private sector investors to sell a nine per cent stake for which it expects a premium — despite the fact that it is yet to start operations. This is not an unreasonable expectation given that Oman Investment

MCX to launch $125 mln IPO on Feb 21 - sources
The Multi Commodity Exchange (MCX), India's country's biggest commodity bourse by turnover, plans to launch an initial public offering on February 21 to raise up to $125 million, two sources with

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Criminal probe trail going cold at MF Global

When commodities brokerage MF Global imploded, the FBI and federal prosecutors were quick to launch an investigation to pursue what seemed obvious to outspoken regulators and lawmakers: laws were

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Turf war to regulate spot commexes hots up

There is increasing jockeying for the power to regulate the emerging electronic spot commodity exchanges. The latest bid is from the Union agriculture ministry, which has said spot exchanges should

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Gold gains on hopes for Greek debt deal
-day slide Tuesday as traders became more optimistic that Greece would reach a deal with its creditors to restructure its debt.

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Two firms flourish in frenzied MF Global aftermath

The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of

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