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National Commodity & Derivatives Exchange Limited (NCDEX) is an Indian online commodity and derivative exchange based in India. It has an independent board of directors and provides a commodity exchange platform for market participants to trade in commodity derivatives. It is an online technology-driven trading exchange.
Below is a ranking of major exchange groups that offer exchange-traded derivatives (ETD), according to "Trends in ETD Trading Annual Review – 2023" published by the Futures Industry Association (FIA) on 31 January 2024. [1] [2]
Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. Providing Demat and Trading services. Its main offices are in Mumbai. The company employs over 2,100 people.
Rashtriya e-Market Services (ReMS) is established as a joint venture of Government of Karnataka (India) and NCDEX spot exchange limited with equal shareholding. It was conceived to blend public interest with the initiative of a private enterprise for establishing, operating, managing a specialized electronic trading platform called Unified Market Platform (UMP) for auctioning of farmer's produce.
National Stock Exchange of India (NSE) in Mumbai, one of the two principal large stock exchanges of India. With the Market cap of 5.23 trillion dollars. [1] [2] [3] National Commodity & Derivatives Exchange Ltd. (NCDEX) in Mumbai. Multi Commodity Exchange of India Ltd. (MCX) in Mumbai.
Since then, it has obtained membership of (NSE, BSE, MCX, NCDEX, MCX'SX, NSEL, NSDL) under different group companies. The company launched online trading in 2006. In the same year, Amit Kumar Bhagchandka, joined the board as the Group CEO. As of 2011, the company offers its services in over 150 cities and 24 States across India with a strong ...
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 diminish.
It is the first such index to be launched in India. Based on the components of the spot price index, NCDEX also displays the national index futures- essentially, the no-arbitrage price if one were to buy futures on the spot index. This price is derived by tracking the futures prices of the index components at the same weightage as the spot index.