FMC plans call auction to curb manipulation

FMC plans call auction to curb manipulation

FPJ BureauUpdated: Saturday, June 01, 2019, 06:15 AM IST
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New Delhi : Commodity markets regulator Forward Markets Commission plans to soon introduce the concept of call auction for half an hour in order to curtail market manipulation in commodities futures.

The call auction is prevalent in stock markets.

The call auction will help in giving the reference price and prevent trading malpractices, FMC Chairman Ramesh Abhishek told PTI.

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