MCX has reactivated trade terminals of Bombay Bullion Association (BBA) after members agreed to pay a higher exchange fee, a senior BBA member said today.
The bourse had on Tuesday put 13 terminals of BBA members into square-off mode — allowing only unwinding of existing positions — citing non-compliance of trading norms.
“MCX has reactivated the terminals after BBA members agreed to pay Rs 51,000 per head additional fee,” the member said.
BBA will soon enter into a Memorandum of Understanding (MoU) with Indian Commodity Exchange (ICEX), similar to one it already has with MCX, said Suresh Hundia, president, BBA.
