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Market regulator Securities and Exchange Board of India (SEBI) has cancelled registrations of Progressive Comtrade Pvt Ltd for dealing in or facilitating paired contracts on the National Spot Exchange Ltd (NSEL) platform.
The Securities and Exchange Board of India (SEBI) has cancelled the registration of Progressive Comtrade and Leo Global Commodities for facilitating their clients to trade in illegal 'paired contracts' on the National Spot Exchange Ltd, which is now defunct.