Commodity Futures in India

23 Pages Posted: 18 Jan 2005

Date Written: January 17, 2005

Abstract

Financial derivatives, futures and options, have emerged as widely traded instruments around the world, including emerging markets. Commodity futures form a small part of that trading but have important hedging implications for agricultural producers and consumers. In India, trading in futures was banned for decades before it was again made legal in mid-90s. Since then commodity futures trading is conducted in over 25 exchanges, with four major multi-commodity exchanges set to dominate trading in the future. The exchanges vary in their contract specifications and settlement rules. Keeping pace with the rest of the world, Indian futures exchanges are also increasingly taking to the Electronic Communication Network (ECN) framework for trading.

Keywords: India, commodity, futures

JEL Classification: G13, N25

Suggested Citation

Chakrabarti, Rajesh, Commodity Futures in India (January 17, 2005). Available at SSRN: https://ssrn.com/abstract=649856 or http://dx.doi.org/10.2139/ssrn.649856

Rajesh Chakrabarti (Contact Author)

O. P. Jindal Global University ( email )

Sonepat Narela road
Sonepat
Sonepat, Haryana 131001
India

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