Indian Commodity Exchange Limited
Mumbai, India
Abbreviation
ICEX
Location
Mumbai, India
Region
Asia
Product Types
Diamonds, Precious Metals, Agricultural, Base Metals
About Indian Commodity Exchange Limited
Indian Commodity Exchange Limited (ICEX), established around 2009 and headquartered in Mumbai, was India's first exchange to offer diamond futures contracts, a pioneering product in the global commodity derivatives space. ICEX also listed precious metals, agricultural, and base metals futures. The exchange operated under SEBI (Securities and Exchange Board of India) regulation. Following challenges with trading volumes and market development, SEBI cancelled ICEX's recognition as a national commodity exchange, and it subsequently ceased operations.
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