Representing the AFM, Paul Constantinou chaired the Emerging Markets stream at the 2017 World Exchange Congress. The focus of the stream was the Indian market and more generally innovation in commodity derivatives.
The stream opened with a discussion of the developments in the Indian market. First up was Nehal Vora, Chief Regulatory Officer of Bombay Stock Exchange who gave an isight into the technology developments being made for Surveillance and Compliance at the BSE.
Parveen Kumar Singhal, President Multi Commodity Exchange of India followed and talked about the evolution of derivatives in India and highlighted the position of the now reformed MCX in the market.
Finally Edward Woodford co-founder of Seed Commodities eXchange Chicago looked at the challenges that need to be overcome by innovators in the global commodities markets. This combined a broad view of the hurdles, regulatory and otherwise, faced in the USA interlaced with the Seed Commodities story.