
National Commodity and Derivatives Exchange
Indian commodity exchange

Indian commodity exchange
NCDEX Limited (Formerly Known as National Commodity & Derivatives Exchange Limited) is an Indian online commodity and derivative exchange based in India. It has an independent board of directors and provides a commodity exchange platform for market participants to trade in commodity derivatives. It is an online technology-driven trading exchange. It is a private limited company, its original shareholders were National Stock Exchange of India (NSE), National Bank for Agriculture and Rural Development (NABARD), CRISIL (now known as S&P India), Life Insurance Corporation (LIC) ICICI Bank. Current shareholders include IFFCO, Jaypee Capital Services, Punjab National Bank, Canara Bank, Build India Capital Advisors, Shree Renuka sugars and Star Agri warehousing. NCDEX was incorporated on 23 April 2003 under the Companies Act, 1956 and obtained its Certificate for Commencement of Business on 9 May 2003. It commenced operations on 15 December 2003. As of 31 July 2013, NCDEX has 848 registered members...
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