this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . may 2014 learn how and when to remove this template message national commodity & derivatives exchange ltd. type 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 . citation needed 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 . contents 1 shareholder consortium 2 key facts 3 products and services 4 references shareholder consortium edit national stock exchange of india nse life insurance corporation of india lic national bank for agriculture and rural development nabard crisil limited formerly credit rating information services of india limited goldman sachs indian farmers fertiliser cooperative limited iffco oman india joint investment fund build india capital advisors llp canara bank idfc private equity fund iii intercontinentalexchange ice jaypee capital services limited 1 punjab national bank pnb shree renuka sugars limited 2 star agriwarehousing and collateral management ltd. key facts edit ncdex had 848 registered members and client base of 20 lakh as of 31 july 2013 . it offers trading on more than 49 000 terminals across 1 000 centers in india as of 31 july 2013 . it facilitates deliveries of commodities through a network of over 594 accredited warehouses through eight warehouse service providers with holding capacity of around 1.5 million tonnes . it offers average deliveries of 1 lakh mt at every contract expiry . average delivery ratio for q1 of 2013 14 is 98 % . ncdex has offices in mumbai delhi ahmedabad indore hyderabad jaipur and kolkata . 3 products and services edit ncdex offers futures trading in 31 agricultural and non agricultural commodities . ncdex also offers as an information product an agricultural commodity index . this is a value weighted index called dhaanya and is computed in real time using the prices of the ten most liquid commodity futures traded on the ncdex platform . dhaanya aims to provide a reliable benchmark for india s agri commodities . introduced n charts a free web based charting tool provided to users for technical analysis . launched comtrack a proprietary electronic warehouse accounting system exchange for physicals recently announced efp exchange for physicals facility in 18 contracts traded on the ncdex platform which they intend to help trade participants address counter party and business risks inherent in bilateral transactions in the physical market . launched gold hedge a transparent price benchmark of gold to the consumer . the contract goldhedge is available for trading from jan 16 2014 . the one kg gold hedge contract provides a transparent platform for investors with exposure to the international markets . the final settlement prices is arrived at after taking into account the gold price in dollar terms rupee value against dollar and the conversion ratio . launched forward market on 25 september 2014 . references edit nse appoints jm fin to shed excess ncdex pie economic times introduction renuka sugars contact us offices national commodity and derivatives exchange retrieved from https en.wikipedia.org w index.php title national commodity and derivatives exchange & oldid 739005137 categories economy of mumbaicompanies established in 2003commodity exchanges in indiacompanies based in mumbaifutures exchangeshidden categories articles with a promotional tone from may 2014all articles with a promotional tonepages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from september 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent 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