 The first De-Mutualised Electronic

Multi-Commodity Exchange of India

granted the National status on a
permanent basis by the Government of
India and operational since 26
November 2002.
 NMCE’s Exchange solution is a mission
critical application which it had then
selected in 2002 off the shelf market and
then it worked around and built a heavy
structure with multiple features and
functionalities including its integration
with delivery and settlement system & to
bring user friendliness and regulatory
changes from time to time.
 Futures market is expected to help the
market participants through two vital
economic functions, viz., Price Discovery
and Price Risk Management. At the macro
level, the liquid and vibrant futures
market having nationwide participation
also assists in sobering down inter-
seasonal and intra-seasonal price
fluctuations
 The Department of Consumer Affairs in
the Ministry of Consumer Affairs, Food and
Public Distribution -Government of India,
is the apex regulatory body governing all
commodity exchanges. Various powers to
provide regulatory supervision, besides
the powers to grant or withdraw
recognition of any exchange rests with
this Department of the Government of
India.
 Trading hierarchy
 Trading Cum Clearing Member
(TCM)
 Trading Member/Broker (TM)
 Institutional Clearing Members
(ICMs)
 One of the methods of settling the contracts is by
taking or making delivery. Delivery period at
NMCE is during last three days of the contract
expiry date. During this period Members of the
exchange are not permitted to create any fresh
position in the expiring contracts. They can
either square up their position or take/give
delivery to settle their outstanding contracts