NCDEX faces regulator's wrathDilip Kumar Jha / Mumbai January 24, 2006Sudden change in settlement price norm for urad, chana contracts.The spat between the Forward Markets Commission (FMC) and the National Commodity & Derivatives Exchange (NCDEX) intensified on Monday when the regulator took a tough stand on the exchange's sudden decision on Thursday to change the settlement price norm for the January contracts in urad and chana. The NCDEX, on its part, denied any violation of the regulatory framework.The FMC had forced the NCDEX to reverse the decision with immediate effect, and sources in the regulator's office said
