National Commodity and Derivatives Exchange (NCDEX) today said its average daily trade value (ADTV) for November 2015 stood at Rs 3,598.20 crore, an increase of 11 per cent from the same month last year.
"The futures segment on NCDEX has been growing steadily. The average daily trade value (ADTV) for November 2015 was Rs 3,598.20 crore, an increase of 11 per cent y-o-y.
"The average open interest for the month stood at Rs 7,455 crore, showing an increase of 8.23 per cent y-o-y. The agri futures segment saw a total volume of Rs 73,237.73 crore," NCDEX said in a statement here.
In November 2015, 4,871 MT of commodities were traded and delivered on the forwards platform of the exchange.
Since inception, this segment has registered a volume of 31,310 MT with traded value of Rs 137.64 crore, which shows increased participation from FPOs (Farmer Producer Organizations), exporters, processors/manufacturers, traders and investors, the release said.
The top three traded commodities were castor seed with a volume of Rs 13,141.75 crore, soyabean with volume of Rs 10,879.20 crore and rapeseed mustard with volume of Rs 8,478.24 crore.
The Exchange has seen delivery of 78,717 MT of commodities in November.
"With exchange-traded forwards, NCDEX is extending the platform to the unserviced segments of the agricultural value chain.
"Our mission is to bring national markets to the fingertips of farmers, mandi traders and buyers. This initiative is our attempt to bring real inclusiveness in the real economy," NCDEX MD & CEO Samir Shah said.
(REOPENS DCM 95)
To attract more investors, MCX has announced lower transaction charges for futures trading in castor seed contracts for February, March, April and May 2017.
"The transaction charges on castor seed future contract shall be at Rs 0.50 per Rs 1 lakh of turnover," the exchange said in a circular.
The transaction charges to be offered by MCX is much lower than the rival bourse NCDEX.
