 "Sanjit Prasad, ICEX, Ashok Sinha, diamond futures contract, ICEX, commodity derivatives, diamond, diamond derivatives, diamond derivatives exchange")
Reliance-anchored Indian Commodity Exchange (ICEX) has witnessed a sharp increase in the delivery of steel long for the second contracts expired on December 5.
Launched in August, the first steel long contract expired in November witnessed the delivery of a mere 30 tonnes. The second contracts expired early this week, however, has seen the delivery rising to 590 tonnes due to extended participation of traders, hedgers, arbitrageurs and users on the exchange platform.
“The ICEX steel Long contracts have witnessed increased participation within a short period of time since its launch, on account of the continued volatility seen in the
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