NMCE,ICEX to merge to create 3rd largest commodity exchange
The National Multi-Commodity Exchange (NMCE) has decided to merge with Indian Commodity Exchange (ICE). The proposed merger will create India’s 3rd largest commodity exchange which will offer a wide range of contracts. The exchange will also offer the world’s 1st diamond futures contract, which has already received in-principle approval from the regulator. The merger has been approved by the boards of both exchanges.