NCDEX proposes delivery-based metals contracts to capture Indian prices

NCDEX is also considering location-spread contracts for agri commodities

The National Commodity & Derivatives Exchange (NCDEX), India’s leading agricultural commodity derivatives exchange, plans to penetrate into market leader Multi Commodity Exchange’s (MCX)’s stronghold of metals derivatives. The plan is to launch two metals contracts, which will be delivery contracts and capture Indian prices. The bourse is also considering launching location-spread contracts for agri commodities, in a first in the country. 
 

Samir Shah, managing director and chief executive officer, NCDEX,  said, “We have always tried to diversify into non-agri but only in a differentiated manner. We have applied for two contracts, aluminium and nickel, to Sebi (Securities and