Below are the quick updates about the ICEX financial performance highlights and regulatory requirements.
1. The operating income for F.Y 2019-20 is ₹ 3.23 Crore as against ₹ 1.90 Crore in F.Y 2018-19.
2. The net loss after tax for the year ended March 31, 2020, stood at ₹ 42.32 Crore as against ₹ 28.57
Crore for the year ended March 31, 2019.
3. The net worth as of March 31, 2020, stood at ₹129.37 crores.
4. In FY19-20, the Company has launched Paddy Basmati Futures Contract on July 11, 2019, thereby marking another milestone. ICEX has created the world’s first organized, transparent, and regulated derivatives market for diamonds.
5. ICEX Company had envisioned and has started a business in Mutual Fund Distribution Scheme and its related activities during the financial year 2019-20.
6. The average daily turnover during F.Y 19-20 was ₹ 156.41 crores as compared to ₹ 93.62 crores in F.Y 2018-19 (single side) with a total of 7098 clients traded on the Exchange.
7. The total turnover of commodity futures traded on ICEX Exchange for F.Y. 19-20 stood at ₹ 40511 crores as against ₹ 24000 crores in F.Y 2018-19.
8. ICEX has a national reach with 138 SEBI registered members, having 1298 Authorised Persons, operating through 3340 terminals including Computer to Computer Link (CTCL) across 329 cities/towns across India as of March 31, 2020.
Regulatory Updates:
In order to develop the commodity derivatives market and Mutual Funds, applicable to ICEX Exchange, SEBI has brought the following reforms among others as under:-
1. Participation of Eligible Foreign Entities (EFEs) in the commodity derivatives market.
2. Participation of Foreign Portfolio Investors (FPIs) in Commodity Derivatives.
3. Uniformity in the procedure for obtaining samples of goods at the Exchange accredited
warehouse.
4. Total Expenses Ratio (TER) and performance Disclosure for Mutual Funds.
5. Instant Access Facility (IAF) in Mutual Funds.