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Commodity Futures Trading at the Crossroads
The Forward Markets Commission and Securities Exchange Board of India merger may provide a relatively strong regulator, but the move needs to be supplemented with better information and warehouse networks to achieve the desired objectives of effi cient price discovery and price-risk management in commodity futures markets.
The author wishes to thank S L Shetty for insightful comments and valuable suggestions. The author also wishes to thank Anita B Shetty for useful discussions and statistical support.