individual brokers have put in place effective 'chinese-wall' like structure to ensure that the problems in spot commodity markets do not spill over to the equity and other segments.
NSEL, which offers an electronic platform for spot market trading in various farm commodities as also bullion contracts, has suspended trade in almost all its products.
A major crisis erupted at NSEL last month after it suspended most trades on its platform, prompting the government to order an enquiry by the commodity regulator FMC, while Sebi also began a separate probe.
Sebi is probing into the matter and is looking into potential violations of rules related to insider trading, fraudulent trade practices and possible payment defaults.
Besides, the Consumer Affairs Ministry, Finance Ministry, commodity regulator FMC and Corporate Affairs Ministry are also keeping a close watch on the situation.