ICEX World's first diamond derivatives exchange
ICEX ( Indian Commodity Exchange ) commences operations with the launch of diamond futures contracts. ICEX will provide fair price discovery and price hedging platform for the diamond industry. Nationwide trade participation shall lead to efficient price discovery based on demand and supply fundamentals. ICEX is powered by technology from MillenniumIT ( MIT ) , part of the London Stock Exchange group. INTERNATIONAL INSTITUTE OF DIAMOND GRADING & RESEARCH ( IIDGR ), part of DE BEERS Group , to certify diamonds for the exchange delivery . MALCA-AMIT , a Global vaulting agency for diamonds shall handle vaulting and logistics. Adding a new leaf to the history of India’s commodity markets, Indian Commodity Exchange Limited (ICEX), a screen-based online derivatives exchange for commodities, went live today. ICEX commenced operations with the launch of Diamond Futures, which will be the world’s first derivatives contracts in diamonds. The ex...