| IPSTA and BCE as an exchange has all the potential to be a major international marketplace for pepper and castor oil as it is the only exchange in the world engaged in trading of derivative, exclusively in pepper and castor oil. However both the international exchanges in the Indian commodity derivative market were not been able to globalize properly as they were unable to attract adequate number of overseas traders or even the existing domestic players. The comparison of market parameters like trading systems, processes and procedures of IPSTA and BCE with the US system are no inferior. When markets are deep, business rules and processes are fair and transparent along with an appropriate regulation the demarcation between a domestic and an international exchange will cease to exist |