National Commodity and Derivatives Exchange
| Public | |
| Industry | Business services |
| Founded | 15 December 2003 |
| Headquarters | Mumbai, Maharashtra, India |
|
Key people
|
Samir Shah, MD & CEO (in charge) |
| Products | Futures |
| Website | www.ncdex.com |
National Commodity & Derivatives Exchange Limited (NCDEX) is an online commodity exchange based in India. It has an independent board of directors and professional management, who have interest in commodity markets. It provides a commodity exchange platform for market participants to trade in commodity derivatives. It is a public limited company, incorporated on 23 April 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of Business on 9 May 2003, and began operations on 15 December 2003. NCDEX is the only commodity exchange in the country promoted by national institutions. NCDEX is regulated by the [Securities and Exchange Board of India] (SEBI), and is subject to the Companies Act 2013, Stamp Act, Contracts Act, Forward Commission (Regulation) Act, and various other laws.
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