Exclusive: ICEX to shut commodity operations; BSE, MCX to be biggest gainers
Of all the the commodity exchanges in India, steel contracts were being traded only on the ICEX. Both the BSE and MCX were planning to launch the contracts and with its discontinuance, the steel contracts are likley to shift to the two exchanges
Zee Business Managing Editor called this a big development particularly for MCX and said that ICEX's loss is a gain for MCX and the BSE