National Commodity & Derivatives Exchange Limited
Activity : On line Multi Commodity Exchange
Corporate Office : Mumbai
NCDEX is a public limited company incorporated on April 23, 2003 under the Companies Act, 1956. It commenced its operations on December 15, 2003.In addition to IFFCO, other shareholders are Canara Bank, Punjab National Bank (PNB), Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), ICICI Bank Limited and National Stock Exchange of India Limited (NSE) and CRISIL Limited (formerly the Credit Rating Information Services of India Limited).
NCDEX provides a world-class commodity exchange platform for market participants to trade in a wide spectrum of commodity derivatives driven by best global practices, professionalism and transparency.
NCDEX currently offers contracts in 27 commodities, which include 21 agricultural commodities, 3 bullion commodities, 2 metals and 1 commodity in energy sector.
NCDEX has over 399 trading cum clearing members, 176 trading members, 9 Strategic Trading cum Clearing Member and 1 Professional Clearing member.
NCDEX has accredited more than approximately 417 warehouses, with a storage capacity of about 23 lakhs MT for storage and delivery of commodities traded on its platform.
It has approved 77 COMTRACK Participants (CPs), 12 clearing banks for ensuring smooth operations, clearing and settlement of trades put through by its trading and clearing members.
IFFCO's endeavour had always been to ensure that the farmers receive best quality fertiliser input at economical price. This association facilitates enhancement in the scope of services for farmers wherein the farmers can realise higher prices, minimise risk and strive for reliable market conditions.www.ncdex.com