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About NCDEX Spot Exchange Ltd. (NSPOT)

Posted by NIFM
NSPOT is a delivery based transparent,real time, online spot exchange of the country. It is established as per the guidelines of Ministry of Consumer Affairs, Government of India. NSPOT is a wholly owned subsidiary of NCDEX which is the leading Indian Agriculture Commodity Derivatives Exchange. NCDEX SPOT derives its strength from its parent organization  (i.e. NCDEX) in creating and managing electronic online trading along with the concomitant risk management system, clearing and delivery process whoch will immensely contribute building an active, liquid and a vibrant spot price delivery platform for agri as well as non-agri commodities at country level and also be a bench mark for pricing. In agri-commodities, NSPOT has launched various successful contracts including Sugar-Kolhapur Delivery, Chana-Indore, Bikaner and Sriganganagar, Maize-Davangere, Tur-Gulbarga and Rape mustard seed contracts in Sriganganagar and Bikaner. It is in the process to lauch the contracts in many other commodities. NSPOT is also one of the leading spot exchanges for trading of precious metals and ferrous metals such as gold, silver and steel. NSPOT is a public limited company incorporated on 18th Oct 2006 under Companies Act, 1956. It operates under the supervision of an independent Board of Directors of its own and has well established accounting system. Services offered by NSPOT ·        Electronic spot trading facility in multiple commodities with specific delivery centers ·        Grading, quality certification and standardization of commodities ·        Facilitating collateral financing and borrowing against warehouse receipts ·        Customized services relating to storage, transportation, logistics handling and shipment ·        Procurement and disposal of commodities through online trading system ·        Market Intelligence Reports

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