Commodity Market is a future and fiercely growing market later than the Stock/Nifty Market. In this, Multi Commodities as like Bullion (Silver, Gold,) Cement, Cotton, Dry Fruits, Chemicals, Food Grains, Iron & Steel, Gur & Sugar, Jute & Jute Goods, Metals, Kirana, etc. Are traded on a calendar day by day basis. Interests of separate investors are catching on quickly in this kind of Exchange.
There are three National Exchanges for enabling the buy and sale of commodities, options & futures. There are:
1. Multi-Commodity Exchange of India Ltd. (MCX)
2. National Commodities and Derivatives Exchange Ltd. (NCDEX)
3. National Multi-Commodity Exchange of India Ltd.
Under these three National Exchanges, there are a dozen lively Bourses for trading, extra than 2,000 advisors working in 6,000 terminals and 10,000 lively traders. All these are tracking the commodity rates round the clock. In the very 1st year of its beginning, Commodities Trading in India clocked a yearly turnover of Rs.1400 Billions and is estimated to cross Rs.10,000 Billion throughout this fiscal alone.
The Live MCX Market has system centers in Ahmedabad, Delhi and Mumbai for physical delivery of future agreements in commodities. It tactics to spread this network to Chennai and Kolkata. The NCDEX has lately launched in association with global Petroleum Exchange, London (IPE), the IPE Brent Crude Futures agreement, which is a landmark footstep towards integrating Indian Energy Markets by global Energy Markets. The MCX has girded up with Chicago Climate Exchange to buy and sell in Carbon and Sulfur Financial Instruments for the worldwide emissions marketplace. In near upcoming, MCX will tie-up by, European Climate Exchange.
The Commodity and Futures Market has a indusual regulator called the Forwards Markets Commission (FMC). The FMC has been system on the lines of the Securities and Exchange Board of India (SEBI) and has statutorily delivered the autonomous governing organization status.