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Exchanges
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The national level multi-commodity exchanges are:
- National Multi
Commodity Exchange of India Ltd, Ahmedabad (NMCE) -- www.nmce.com.
This is presently working
on-line and trading in many active commodities like castor seed/oil,
rapeseed and mustard seed/oil, aluminum, soybean/oil, pepper,
gold, silver etc.
- National Board
of Trade, Indore (NBOT) -- www.nbotind.org.
This is also presently working but not completely
on-line, screen-based. In this exchange maximum trades are carried
out in soy oil.
- National Commodity
and Derivative Exchange, Mumbai (NCDEX)-- www.ncdex.com.
The exchange is being promoted by ICICI Bank, National Stock
Exchange (NSE), Life Insurance Corporation and NABARD. It is
more or less on the lines of the NSE of the capital market.
- Multi Commodity
Exchange of India Ltd, Mumbai (MCX) -- www.mcxindia.com.
The exchange is promoted mainly by professionals
and supported by Financial Technology (FT). The exchange has
started operations from November 10 and has offered gold, silver
and castor seed in the first phase of trading facility.
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SEBI
