FII trade in futures awaits RBI, FMC okay

 The bigwigs in the global commodities trading market like HSBC, Deutche Bank, JP Morgan, ABN Amro, Sampras Metals and Mitsui & Co., and gold refiners like Harmony, have sent in applications for permission to participate in commodities futures trading.

 Futures trading was slated to begin soon on NSE and ICICI Bank promoted National Commodity and Derivatives Exchange Ltd. (NCDEX). The other promoters of NCDEX were LIC and Nabard.