NMCE is the first De-Mutualised Electronic Multi-Commodity Exchange of India granted the National status on a permanent basis by the Government of India. NMCE's exchange solution is a mission critical application which it had then selected in 2002 off the shelf market. The liquid and vibrant futures market having nationwide participation also assists in sobering down interseasonal and intra-seasonal price fluctuations.
NMCE is the first De-Mutualised Electronic Multi-Commodity Exchange of India granted the National status on a permanent basis by the Government of India. NMCE's exchange solution is a mission critical application which it had then selected in 2002 off the shelf market. The liquid and vibrant futures market having nationwide participation also assists in sobering down interseasonal and intra-seasonal price fluctuations.
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NMCE is the first De-Mutualised Electronic Multi-Commodity Exchange of India granted the National status on a permanent basis by the Government of India. NMCE's exchange solution is a mission critical application which it had then selected in 2002 off the shelf market. The liquid and vibrant futures market having nationwide participation also assists in sobering down interseasonal and intra-seasonal price fluctuations.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as PPT, PDF, TXT or read online from Scribd
granted the National status on a permanent basis by the Government of India and operational since 26 November 2002. NMCE’s Exchange solution is a mission critical application which it had then selected in 2002 off the shelf market and then it worked around and built a heavy structure with multiple features and functionalities including its integration with delivery and settlement system & to bring user friendliness and regulatory changes from time to time. Futures market is expected to help the market participants through two vital economic functions, viz., Price Discovery and Price Risk Management. At the macro level, the liquid and vibrant futures market having nationwide participation also assists in sobering down inter- seasonal and intra-seasonal price fluctuations The Department of Consumer Affairs in the Ministry of Consumer Affairs, Food and Public Distribution -Government of India, is the apex regulatory body governing all commodity exchanges. Various powers to provide regulatory supervision, besides the powers to grant or withdraw recognition of any exchange rests with this Department of the Government of India. Trading hierarchy Trading Cum Clearing Member (TCM) Trading Member/Broker (TM) Institutional Clearing Members (ICMs) One of the methods of settling the contracts is by taking or making delivery. Delivery period at NMCE is during last three days of the contract expiry date. During this period Members of the exchange are not permitted to create any fresh position in the expiring contracts. They can either square up their position or take/give delivery to settle their outstanding contracts