ICEX to go live in less than a week - CEO

MUMBAI (Reuters) - Indian Commodity Exchange Ltd (ICEX), country's fourth national commodity bourse, will go live in less than a week's time with 10 futures contracts and 250 members, its chief executive said on Monday.

"We are ready with all the necessary approvals and may go live in less than a week's time," said Ajit Mittal, chief executive of ICEX told Reuters in a telephonic interview.

"We will begin trade with 10 contracts which includes five agricultural commodities, gold, silver, crude oil...." he said. ICEX is promoted by Indiabulls Financial Services Ltd (IBFSL) and India's biggest state-run trading firm, MMTC Ltd, and part-owned by three more institutions.

India has three nationa level commodity exchanges -- National Multi-Commodity Exchange, National Commodity and Derivatives Exchange and Multi-Commodity Exchange of India.

(Reporting by Sourav Mishra; Editing by Harish Nambiar)