NCDEX has appointed an external auditor to find out the role of clients and brokers who traded castor futures. Notably, it had suspended all futures contracts on 27th jan-2016 after a few members long the commodity faltered in meeting their mark-tomarket obligations.The exchange has also placed the trading terminals of some of its members, namely, Mid India Commodities P Ltd, Investsmart Commodities Ltd, Neer-Ocean Multitrade Private Ltd and Leo Global Commodities P Ltd in 'square-off mode' until further notice.SEBI too wants to know the reason under which contracts had been suspended.
02 फ़रवरी 2016
NCDEX Appoints Auditor To Find Out The Role Of Palyers/Brokers
NCDEX has appointed an external auditor to find out the role of clients and brokers who traded castor futures. Notably, it had suspended all futures contracts on 27th jan-2016 after a few members long the commodity faltered in meeting their mark-tomarket obligations.The exchange has also placed the trading terminals of some of its members, namely, Mid India Commodities P Ltd, Investsmart Commodities Ltd, Neer-Ocean Multitrade Private Ltd and Leo Global Commodities P Ltd in 'square-off mode' until further notice.SEBI too wants to know the reason under which contracts had been suspended.
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