NCDEX begins countdown for formal launch

 The ICICI Bank and the National Stock Exchange led commodity bourse has networked about 60 of its 384 approved members and expected to network a more than 150 members in another fortnight.  The exchange was still screening membership applications and was likely to approve another 100 plus members in the next few days taking the membership to almost 500. NCDEX membership came at a higher cost compared to other commodity exchanges in the country.