The National Commodity and Derivatives Exchange (NCDEX), an agriculture futures trading platform, has altered its Silver International contracts to suit Indian hedgers and speculators, Business Standard reports. The NCDEX has received permission from the Forward Markets Commission, the commodity derivatives market regulator, for the same. As per the change, contracts expiring in August 2011, November 2011 and February 2012 with modified specifications will be available for trading from July 21. These contracts will then be launched for further expiries. NCDEX has also modified the settlement practice with this revision.

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