NSEL Jitters Take Down FTIL, MCX
  • Prabha Hegde
  • Aug 01 2013

August 1: The National Spot Exchange, a platform for commodity trading, has suspended futures trading in most of its segments with payments being deferred. This follows a clampdown by the regulatory authorities based on the fact that a spot exchange was offering futures contract trading. As a result, the stocks of financial technologies that own NSEL fell 60% today. NSEL MD & CEO Anjani Sinha offers clarifications and updates on the latest development.