Carbon Futures Trade in India

June 15th, 2007

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In an interesting development, Multi Commodities Exchange is lanuching a carbon futures exchange in India.

MCX provides a marketplace for futures contracts in commodities such as bullion, pulses and steel.

“We have had several rounds of talks with CCX and some sort of contract is already ready. We are now waiting for a clearance from the Forward Markets Commission,” said Joseph Massey, deputy managing director of MCX.[link]

Recently, Sydney after Europe became the second exchange to offer carbon futures


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