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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. It is a private limited company, its original shareholders were National Stock Exchange of India (NSE), National Bank for Agriculture and Rural Development (NABARD), CRISIL (now known as S&P India), Life Insurance Corporation (LIC) ICICI Bank. Current shareholders include IFFCO, Jaypee Capital Services, Punjab National Bank,Canara Bank, Build India Capital Advisors, Shree Renuka sugars and Star Agri warehousing.
 | |
| Company type | Commodity Exchange |
|---|---|
| Industry | Business services |
| Founded | 15 December 2003 |
| Headquarters | , |
Key people | Arun Raste, MD & CEO (in charge) |
| Products | Futures |
| Owner | NSE, ICICI, CRISIL, NABARD, LIC, IFFCO and others |
| Website | www |
NCDEX was incorporated on 23 April 2003 under the Companies Act, 1956 and obtained its Certificate for Commencement of Business on 9 May 2003. It commenced operations on 15 December 2003.
As of 31 July 2013, NCDEX has 848 registered members, a client base of about 20 Lakhs, and offers trading on more than 49,000 terminals across 1,000 centers in India. It facilitates deliveries of commodities through a network of over 594 accredited warehouses through eight warehouse service providers, with holding capacity of around 1.5 million tonnes and average deliveries of 1 lakh MT at every contract expiry. NCDEX has offices in Mumbai, Delhi, Ahmedabad, Indore, Hyderabad, Jaipur, and Kolkata.[1]
Shareholder consortium
edit- Jaypee Capital Services Limited[2]
See also
editReferences
edit- ^ "Contact Us: Offices", National Commodity and Derivatives Exchange
- ^ "NSE Appoints JM fin to Shed Excess NCDEX Pie", Economic Times