About Exchanges . . .

National Multi Commodity Exchange of India Limited (NMCEIL):
NMCEIL is the first de-mutualized, Electronic Multi-Commodity Exchange in India.
National Multi-Commodity Exchange of India Limited is committed to provide world class services of On-line screen based Futures Trading of permitted commodities and efficient Clearing and guaranteed settlement, while complying with Statutory / Regulatory requirements. We strive to ensure improvement of customer services and remain quality leader amongst all commodity exchanges.

NMCEIL seeks to

	Integrate the physical markets for commodities with the derivative markets
	Provide more authentic, efficient price discovery and more efficient price risk management to producers, stockiest, processors, importers, exporters and other market participants.

On 25th July, 2001, the NMCEIL has been granted in-principle approval by the Government to organize futures trading in the edible oil complex. The Exchange is operationalised from November 26, 2002. NMCEIL has garnered support from major institutions like Central Warehousing Corporation, NAFED, National Institute of Agricultural Marketing, Gujarat Agro Industrial Corporation Ltd., Gujarat State Agricultural Marketing Board, besides Neptune Overseas Limited.

Recognition of NMCEIL by the Government of India in October 2002 is one of the most important events in commodity markets reforms in India.

National Commodity & Derivatives Exchange Limited (NCDEX):
NCDEX is a professionally managed online multi commodity exchange promoted by ICICI Bank Limited (ICICI Bank), Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD) and National Stock Exchange of India Limited (NSE). NCDEX is the only commodity exchange in the country promoted by national level institutions. The four institutional promoters of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills.

NCDEX is a public limited company incorporated on April 23, 2003 under the Companies Act, 1956. It has commenced its operations on December 15, 2003.

NCDEX is a technology driven de-mutualized commodity exchange with an independent Board of Directors and professionals not having any vested interest in commodity markets. It is committed to provide 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 is located in Mumbai and offers facilities to its members in about 91 cities throughout India. The reach will gradually expand to other cities.

Top

Multi Commodity Exchange of India Ltd. :

MCX an independent and de-mutulised commodity exchange has permanant recognition from Government of India for facilitating online trading, clearing and settlement operations for commodity futures markets across the country. Key shareholders of MCX are Financial Technologies (India) Ltd., State bank of India, Union Bank of India, Corporation Bank, Bank of India and Canara Bank

Headquaartered in Mumbai, MCX is led by an expert management team with deep domain knowledge of the commodity futures markets. Through the integration of dedicated resources, robust technology and scalable infrastructure, since inception MCX has recoreded many first to its credit.

Inaugurated in November 2003 by Shri Mukesh Ambani, Chairman & Managing director, reliance Industries Ltd., MCX offers futures trding in the following commodity categories: Agri Commodities, Bullions, Metals- Ferrous & Non Ferrous, Pulses, Oils & Oilseeds, Plantations, Spices and other soft commodities.

MCX has built strategic alliances with some of the largest players in commodities eco-system, namely Bombay Bullion Association, Bombay Metal Exchange, Solvent Extractors Association of India, Pulses Importers Association and Shetkari sanghatana.

Today MCX is offering spectacular growth opportunities and advantages to a large cross section of the participants including Producers / Processors, Traders, Corporate, Regional Trading Centers, Importers, Exporters, Cooperatives, Industry Associations, amongst others MCX being nation-wide commodity exchange, offering multiple commodities for trading with wide reach and penetration and robust infrastructure, is well placed to tap this vast potential.

Top