Futures segment of NCDEX witnessing steady growth

KOLKATA: The futures segment of NCDEX is witnessing steady growth. The average daily trade value (ADTV) registered for the month of October 2015 was Rs. 5165.57 crore, an increase of around 64% y-o-y. The average open interest for the month stood at Rs. 7561.27 crore, showing an increase of about 11% y-o-y.

The agri futures segment registered monthly total volume of Rs. 107272.37 crore. The top three commodities were Soyabean, Refined Soya Oil and RM Seed. The total traded volume for soyabean was Rs. 18760.09 crore with over 115% y-o-y rise, Refined Soya Oil was Rs. 18205.08 crore with about 49% y-o-y rise and for RM Seed was Rs. 13655.47 crore with about 490% y-o-y rise. The exchange recorded delivery of 79988 tonnes of commodities in the October 2015 expiry contracts.

The forwards segment on NCDEX has also seen growth. In October-2015, over 892 tonnes of commodities were traded and delivered on the exchange platform. The forwards segment has registered volume of around 26439 tonnes with traded value of Rs. 119.95 crore and 25,819 MT commodities being delivered in settlement through the Exchange platform since its launch in September 2014.

Samir Shah, MD & CEO, NCDEX said "The exchange has a strong and effective surveillance mechanism to ensure the fair trading on the Exchange. The Exchange feels empowered with the taking over of the regulatory function of the commodity market by SEBI. Our mission is to bring national markets to farmers, mandi traders and buyers with transparent & fair platform; to bring real inclusiveness in the commodities value chain."