National Commodity & Derivatives Exchange Limited (NCDEX)
Address: Ackruti Corporate Park, 1st Floor, LBS Road, Kanjurmarg (W.), Mumbai-400078.
Email: askus@ncdex.com
Website: www.ncdex.com
Established: 2003
Type: Electronic
HISTORY
NCDEX is a professionally managed and demutualized domestic stock exchange, incorporated in 2003. It offers a diverse range of products across various segments, including commodity derivatives, weather derivatives, a mutual fund transaction platform, and equity and equity derivatives. NCDEX strives to connect Bharat with the Indian capital markets, with the objective of advancing financial inclusion.
OWNERSHIP AND GOVERNANCE
The Ownership/Shareholding limits in the Exchange are governed by Chapter IV of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. The shares of the Exchange shall only be dealt by Fit and Proper Persons as per Regulation 19 and 20 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. Our key shareholders like Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Limited (NSE), Canara Bank and Punjab National Bank (PNB) are among the architects of India’s economic success story in the past few decades.
CLEARING MECHANISM
National Commodity Clearing Limited (NCCL) is a wholly owned subsidiary of the National Commodity & Derivatives Exchange Ltd. (NCDEX) which is India’s leading agri-commodity exchange. NCCL is responsible for clearing and settlement services of all trades executed on the exchange and is committed to provide a robust and transparent risk management platform for the collective benefit of the agri-ecosystem.
SEBI has granted recognition to NCCL as a clearing corporation which is available on the link
