India commodity exchange fights single CCP proposal
NCDEX finds itself in conflict with the government over whether clearing in India should be done through a single house or multiple entities
The National Commodity and Derivatives Exchange of India is gearing up for a battle with the government over recommendations that there should be a single central counterparty (CCP) serving the whole domestic market.
NCDEX says that a series of multiple clearing houses connected via interoperability would help stimulate competition, foster innovation and drive costs down.
In contrast a single CCP would be simpler to implement and quicker to get off the ground – a view taken by the Ministry of
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