National Commodity and Derivatives Exchange

National Commodity and Derivatives Exchange Limited (NCDEX) is an on-line multi commodity exchange based in India. It is headquartered in Mumbai and offers facilities to its members from the centres located throughout the country.

It is the only commodity exchange in the country promoted by national level institutions. In 2007 NCDEX won the Symantec Asia South visionary awards.

NCDEX is regulated by Forward Markets Commission. It is subjected to various laws of the land such as the Forward Contracts (Regulation) Act, Companies Act, Stamp Act, Contract Act and various other legislations.

The exchange facilitates futures trading in a wide range of commodities including Aluminium, Barley, Brent Crude Oil, Cashew, Castor Seeds, Certified Emission Reduction (CER), Chana, Chilli, Copper, Coriander, Cotton, Cotton Seed Oil Cake, Crude Palm Oil, Domestic Soya Meal Export, Furnace Oil, Gold, Ground Nut Oil, Ground Nut Shell, Guar Seed, Gur, Jeera, Light Crude Oil, Linear Low Density Polyethylene Butene Film (LLDP), Maize, Masoor, Mentha Oil, Nickel, and so on.

NCDEX steel long futures contracts is the first instance of the success of steel futures contracts in the global commodity derivatives exchange scenario.

* Next: Multi Commodity Exchange of India

Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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