The commodity market may see product innovations and has huge untapped opportunities in options, indices and derivatives like weather and freight, going forward, a senior industry official said today.
“Product innovations in the commodity markets will be the leading differentiator in the commodity exchange space, going forward. From options to indices to exotic derivatives like weather and freight, this market has huge opportunities still lying untapped,” Multi Commodity Exchange of India (MCX) Managing Director and Chief Executive Mrugank Paranjape said.
He was speaking at the Financial Markets Conclave 2016 organised here by Dun & Bradstreet (DB), a provider of global business information, knowledge and insights, in association with LIC.
Paranjape said human resources and technology will be the leading enablers in providing operational efficiency to the entire ecosystem of product innovation.
Speaking on the topic of ‘regulatory landscape’, Mamta Suri, Chief General Manager (finance), Irdai said, “There are 55 insurance…