NCDEX

NCDEX is India’s 3rd and most recognized commodities exchanges, this is an independent exchange which was established in 2003. The National Commodities And Derivatives Exchange – NCDEX is locked in Mumbai. The exchange was funded by some of the most powerful and leading financial institutions such as the National Stock Exchange, ICICI Bank, Life Insurance Corporation of India (LIC), Punjab National Bank, CRISIL, NABARD IFFCO and Canara Bank. The NCDEX provides trading platform and his location is Mumbai, but has offices across the country to facilitate trade. You can trade done in more than 45 commodities that are directly involved in country economy. Agricultural commodities have a major contribution in NCDEX market as compared to other commodities (Precious Metals and Base Metals). Castorseed, Chana, GuarGum, Garseed, GUR, Jeera, Pepper, Mustard seed, Soya Bean, Turmeric, Cotton Seed oil cake – These commodities have more liquidity in NCDEX. NCDEX provides a free, web-based charting tool N-Charts to users for technical analysis.

NCDEX offers trading on more than 49,000 terminals across 1,000 centers in India as of July 2013. And it has the capacity for holding around 1.5 million tones. NCDEX has offices in all major cities like Mumbai, Delhi, Ahmadabad, Hyderabad, Jaipur, Kolkata. The NCDEX bullied under the Company Act, 1995, and it is a public limited company. Now, you have a question in your mind- Who can be the member of NCDEX market? There are some rules if you want to become a member of NCDEX. An individual, a Private limited company, Public limited company, partnership, firm, and Hindi Divided Family (HDF) are eligible to become a member of NCDEX.