Indian Commodity Exchange (ICEX), the world’s first exchange to launch diamond derivatives, has its unlisted stocks accessible on the Minance Private Market.
It is an online Commodity Derivative Exchange regulated by SEBI and provides a platform to traders nationwide, through its various brokers.
ICEX is India’s first exchange to embrace a platform run using hi-end technology. This provides automatic and smooth switch-over from Data Center to Disaster Recovery (DR) using optimized processing techniques, ensuring no loss of data in the process. It aims to become a commodities market rather than just an investment platform.
Anchored by Reliance ADAG, ICEX has managed to become the world’s first-ever exchange to provide Diamond Derivatives available for trade on its platform, and having its unlisted stocks in a traders’ portfolio is worth the investment. Diamond derivatives are a unique and profitable investment, which makes ICEX’s unlisted stocks a wealthy addition to any portfolio.
The exchange also offers trading in various other commodities, that include rubber, paddy, etc. It has some reliable names as its shareholders which include Bajaj Holdings and Investment, Central Warehousing Corporation, Indiabulls Housing Finance, IDFC First Bank, Punjab National Banking, Reliance Exchange Next, and many more to come.
The Indian Energy Exchange (IEX), which is a powerful trading platform and listed on BSE, announced in April 2020, that it plans to invest in ICEX, which increases ICEX’s overall valuation. It plans to acquire a 15% stake in the commodity exchange for about ₹150 crores.
ICEX plans to bring in electricity segment futures and has another investment lined up for ₹50 crores, post the investment from Indian Energy Exchange. This investment is likely to be used for market development and new product launches on the platform.