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Sebi directs comexes to do performance review of commodity contracts

The move is important because it will bring to light the utility, hedging and other key aspects of all contracts

Sebi
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Dilip Kumar Jha Mumbai
Market regulator, the Securities and Exchange Board of India (Sebi), has directed commodity exchanges to conduct a performance review of all commodity derivative contracts on annual basis and present reports to it by June 30 every year. Exchanges have to also disclose these to the public. The move is important because it will bring to light the utility, hedging and other key aspects of all contracts.

In a circular date February 4, Sebi has asked commodity exchanges to furnish a balance sheet of all commodities including volume and open interest, along with trading on their platforms. They also have to

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