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Forensic audit finds flaws in ICEX market-maker scheme
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Forensic audit finds flaws in ICEX market-maker scheme
01 November 2020
A forensic audit of the Indian Commodity Exchange (ICEX) has highlighted irregularities in the liquidity enhancement scheme (LES) launched by the bourse for diamond, steel and rubber contracts, among others. The LES involves paying money to certain brokers for providing two-way quotes on any trading contract to generate market interest.
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