NCDEX maintains its iron grip on agri-derivatives; controls 72% market share

The National Commodity & Derivatives Exchange (NCDEX) has stated that it has maintained its leadership position in January with its performance in the agri-commodities segment. The exchange led the agri-derivatives market in India across number of contracts, open interest in value and traded value. Reflecting 72 per cent of total market share, the exchange registered […]

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Farmers may soon start trading electronic warehousing receipts on e-NAM

Integration of electronic negotiable warehousing receipts (e-NWR) with the Electronic National Agriculture Market or eNAM, as announced by the Finance minister in her Budget speech on Saturday, is expected to be complete in one or two months. Warehouse receipts are issued by repositories who keep electronic records of goods deposited in a warehouse and subsequent transfers, in […]

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Commodity Participants’ Association to create investor database to rein in defaulters

The Commodity Participants’ Association of India plans to create a registry of individual clients trading on the exchange platform to avoid defaulted members from one exchange moving to another. It has been observed that some clients who were banned in the recent castor-seed crisis in NCDEX, had moved to other exchanges in the absence of […]

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NCDEX ties up with NSE Indices to launch AGRIDEX, India’s first agri index

In a major move, the National Commodity and Derivatives Exchange (NCDEX) has launched India’s first agri index — ‘NCDEX Agridex’, for easy reference to price variations in agricultural commodities, reports Business Standard. Launched with a composition of 10 leading liquid contracts on the NCDEX platform at present, the index is now available as ‘indicative’. It will be made […]

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Indian basmati exporters find hedging tool amid Iran uncertainty

Indian exporters of basmati rice, who have been facing uncertainty due to tensions between leading buyer Iran and the United States, will probably breathe easier with the launch of a futures contract that will enable hedging against such risks.   The National Commodity and Derivatives Exchange Ltd (NCDEX) will today launch a basmati contract called Pusa […]

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India’s market regulator says working on guidelines for commodity index derivatives

The Securities and Exchange Board of India (SEBI) is working towards finalising guidelines for commodity index derivatives, the chairman said, adding that more option contracts can be launched. “There are plans to consider more commodity options contracts to be launched, besides working on guidelines for index products,” Ajay Tyagi said in the latest annual report. […]

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Farmer Producers Organisations (FPOs) become creative and turn to NCDEX to trade on commodities

Making best use of technology, FPOs in Rajasthan and Gujarat have made great use of NCDEX having taken in the ‘buy’ position in cottonseed oilcake (cocud) on NCDEX at a lower price well ahead of the peak demand season, a HBL report confirms. National Commodity & Derivatives Exchange Limited is an online commodity exchange based […]

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Disaster recovery sites of commodity exchanges in focus after NCDEX move hits volumes

Volumes on the National Commodity & Derivatives Exchange (NCDEX) fell sharply after the bourse shifted trading to a disaster recovery (DR) site last month, the Business standard newspaper reported. A DR site is an alternative scaled-down trading facility that exchanges use when the primary set-up becomes dysfunctional. The NCDEX decision to migrate to a DR site had […]

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NCDEX to launch delivery-based metals contracts as well as location-spread agri commodities

India’s National Commodity & Derivatives Exchange (NCDEX) plans to nudge its way into market leader Multi Commodity Exchange’s (MCX) stronghold over metals derivatives. NCDEX, India’s leading agricultural commodity derivatives exchange, is planning to launch two metals contracts, which will be delivery contracts and capture Indian prices. The bourse is also considering launching location-spread contracts for […]

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