Currently, there are 24 commodity trading exchanges in India trading platform. The following are the 3 main national level exchanges.
Multi Commodity Exchange (MCX):
MCX is India’s biggest commodity trading exchange. Established, as a public corporation in 2003, the MCX is totally based in Mumbai. It suggests futures trading in the bullion metals, non-ferrous metals, energy and a number of Agri commodities. This type of exchange was really promoted by the Financial Technologies, this is a software company in the investment market space. At present, Blackstone GPV Capital Partners Mauritius, Kotak Mahindra Bank, and the IDFC Premier Equity Fund are a few of its input shareholders.
National Commodity and Derivative Exchange (NCDEX):
National Commodity and Derivative Exchange was founded as a public limited corporation in the year of 2003. It is also based in the Mumbai. It suggests futures dealing in the 31commodities. The trading in Agri commodities is especially accepted on this trading exchange. Its input shareholders are the National Stock Exchange (NSE), ICICI Bank, National Bank for Agriculture & Rural Development (NABARD) and Life Insurance Corporation of India (LIC).
National Multi Commodity Exchange of India (NMCE:
This trading exchange was initially promoted by the trader Mr. Kailash Gupta and the Central Warehousing Corporation (CWC) since 2002. It’s headquarters or head department in Ahmedabad. The NMCE offers deal in the 44 different types of commodities. These levels of copper to menthol. NMCE is particularly popular for the trading in spices & plantation crops, particularly those from the Kerala.
History, frequently repeats itself and you can carry on the rich ritual in the commodities marketplace by the investing in Commodities Futures. Market First, though, you must have the essential knowledge about the Commodity Futures for that is only one of the ways to decrease any risks occupied. Many types of brokers and adviser can provide you Free MCX Tips or Commodity Tips for better profit.