National Commodity and Derivatives Exchange


National Commodity and Derivatives Exchange
National Commodity & Derivatives Exchange
Type Online commodity exchange
Founded 15 December 2003
Headquarters Mumbai, Maharashtra, India
Website www.ncdex.com

National Commodity & Derivatives Exchange Limited (NCDEX) is an online commodity exchange based in India. It was incorporated as a private limited company incorporated on 23 April 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of Business on 9 May 2003. It has commenced its operations on 15 December 2003. NCDEX is a closely held private company which is promoted by national level institutions and has an independent Board of Directors and professionals not having vested interest in commodity markets.

Contents

Consortium of Shareholders

NCDEX is a public limited company incorporated on 23 April 2003 under the Companies Act, 1956. NCDEX is regulated by Forward Market Commission (FMC) in respect of futures trading in commodities. Besides, NCDEX is subjected to various laws of the land like the Companies Act, Stamp Act, Contracts Act, Forward Commission (Regulation) Act and various other legislations, which impinge on its working. On 3 February 2006, the FMC found NCDEX guilty of violating settlement price norms and ordered the exchange to fire one of their executive.

NCDEX is located in Mumbai and offers facilities in more than 550 centres in India.

Commodities Traded

NCDEX currently facilitates trading of 57 commodities -

Agri-based commodities - Castor Seed
Chana
Chilli
Coffee - Arabica, Coffee - Robusta
Cotton Seed Oilcake
Crude Palm Oil
Expeller Mustard Oil
Groundnut (in shell)
Groundnut Expeller Oil
Guar gum
Guar Seeds
Gur, Jeera
Jute sacking bags
Kidney Beans
Indian 28 mm Cotton
Indian 31 mm Cotton
Masoor Grain Bold
Medium Staple Cotton
Mentha Oil
Mulberry Green Cocoons
Mulberry Raw Silk
Rapeseed - Mustard Seed
Pepper
Raw Jute
RBD Palmolein
Refined Soy Oil
Rubber
Sesame Seeds
Soy Bean
Sugar - Small
Sugar - Medium
Turmeric
Urad (Black Matpe)
V-797 Kapas
Yellow Peas
Yellow Red Maize
Yellow Soybean Meal.

Bullion -
Gold 1 KG
Gold 100gm
Silver 30 KG
Silver 5 KG

Energy -
Brent Crude Oil
Furnace Oil
Light Sweet Crude Oil.

Ferrous metals
Mild Steel Ingot

Plastics
Polypropylene
Linear Low Density Polyethylene
Polyvinyl Chloride.

Non-ferrous metals
Aluminum Ingot,
Copper Cathode
Nickel Ingot
Zinc Cathode

At subsequent phases trading in more commodities would be facilitated.

Facilities offered

NCDEX also offers as an information product, an agricultural commodity index. This is a composite index, called NCDEXAGRI that convers 20 commodities currently being offered for trading by NCDEX. This is a spot-price based index. NCDEX also offers as an information product, the index futures, called FUTEXAGRI. This is essentially a what-if index. It indicates, that if futures on the index could be traded, then the current FUTEXAGRI value should be the no-arbitrage value for the index futures. However, indexes and index futures are not allowed to be traded under the current regulatory structure. Hence, these are only available for information, as of now.

References


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Commodity trading in India — has a long history. In fact, commodity trading in India started much before it started in many other countries. However, years of foreign rule, droughts and periods of scarcity and Government policies caused the commodity trading in India to… …   Wikipedia

  • Commodity market — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Commodity Futures Modernization Act of 2000 — The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that officially ensured the deregulation of financial products known as over the counter derivatives. It was signed into law on December 21, 2000 by… …   Wikipedia

  • Commodity trading in China — has a short but high growth history. With an increasing product variety and deepening liquidity pools, the mainland s futures market is playing an increasingly important role in serving the national economy. At present, the commodities markets in …   Wikipedia

  • Commodity Futures Trading Commission — U.S. Commodity Futures Trading Commission Official seal Agency overview Formed April 15, 1975 Preceding agency Commodity Exchange Authority …   Wikipedia

  • Commodity broker — A commodity broker is a firm or individual who executes orders to buy or sell commodity contracts on behalf of clients and charges them a commission. A firm or individual who trades for his own account is called a trader. Commodity contracts… …   Wikipedia

  • National Multi-Commodity Exchange of India Ltd — Infobox name = Infobox/doc title = NMCE caption = headerstyle = background:#ccf; labelstyle = background:#ddf;header1 = National Multi Commodity Exchange label1 = data1 = header2 = label2 = Label defined alone data2 = header3 = label3 = data3 =… …   Wikipedia

  • Exchange-traded fund — An exchange traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.[1] An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs… …   Wikipedia

  • National Stock Exchange of India — National Stock Exchange राष्ट्रीय शेअर बाज़ार …   Wikipedia

  • Commodity pool — A commodity pool is an investment structure where many individual investors combine their moneys and trade in futures contracts as a single entity in order to gain leverage. They are analogous to mutual funds wherein a fund is similarly set up… …   Wikipedia


We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.