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FINANCIAL TECH INDIA TO SET UP COMMODITY EXCHANGE IN MAURITIUS.

AsiaPulse News

| December 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMAI, Dec 1 Asia Pulse - Financial Technologies India Ltd, the parent company of country's leading commodity bourse MCX, on Thursday said it will set up a commodity exchange in Mauritius.

The main promoter of Multi Commodity Exchange of India said it has recieved in-principle approval from Mauritius government to set up the exchange in the island nation.

"We have been invited by Financial Services Commission of Mauritius to set up an international commodity exchange," Financial Technologies on Thursday informed Bombay Stock Exchange.

FTIL Group CEO Jignesh Shah said: "This invitation reiterates the global ...

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Source: HighBeam Research, FINANCIAL TECH INDIA TO SET UP COMMODITY EXCHANGE IN MAURITIUS.

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