DEFINITION of 'National Commodities And Derivatives Exchange - NCDEX'

India's largest and most recognized commodities exchange, which was established in 2003. The exchange was founded by some of India's leading financial institutions such as ICICI Bank Limited, the National Stock Exchange of India and the National Bank for Agricultural and Rural Development, among others.

BREAKING DOWN 'National Commodities And Derivatives Exchange - NCDEX'

The exchange is located in Mumbai, but has offices across the country to facilitate trade. Trading is done on 45 commodities that are integral to India's economy. These include gold, silver, Brent Crude oil, and rice, along with other agricultural products and base metals.

RELATED TERMS
  1. India ETF

    An exchange-traded fund that is based on a basket of securities ...
  2. Foreign Exchange Dealers Association ...

    An association of banks specializing in the foreign exchange ...
  3. Bombay Stock Exchange (BSE) .BO

    The first and largest securities market in India, the Bombay ...
  4. Securities And Exchange Board Of ...

    The regulatory body for the investment market in India. The purpose ...
  5. Commodity Market

    A physical or virtual marketplace for buying, selling and trading ...
  6. National Stock Exchange

    The first stock exchange in America that was completely electronically ...
Related Articles
  1. Investing

    Is India the Next Emerging Markets Superstar?

    With a shift towards manufacturing and services, India could be the next emerging market superstar. Here, we provide a detailed breakdown of its GDP.
  2. Investing

    How India Makes Money

    India currently has the ninth largest nominal GDP (and third largest in PPP) in the world.
  3. Retirement

    Can You Retire in India with $200,000 in Savings?

    India's cost-of-living ranks among the lowest in the world, but retiring there presents some challenges unrelated to finances.
  4. Financial Advisor

    India: Why it Might Pay to Be Bullish Right Now

    Many investors are bullish on India for all the right reasons. Does it present an investing opportunity?
  5. Insights

    3 Economic Challenges India Faces in 2016

    Learn why India's economy is held back by ingrained core problems that will take a generation to change despite recent favorable economic numbers.
  6. Investing

    India Could Have a World-Class Digital Payments Market

    Google and Boston Consulting Group (BCG) estimate that the total payments conducted via digital payment instruments will be 10 times of current levels in India by 2010.
  7. Investing

    Slavery Statistic Casts Shadow on India's Growth Story

    India's economy continues to thrive but labor practices may be holding it back from its full potential.
  8. Investing

    India: A Bright Spot in Today's Global Investment Landscape

    India, the best performing economy of 2015, has all it takes to maintain high growth momentum and ensure high returns for investors in the future.
  9. Insights

    India Is Eclipsing China's Economy As Brightest BRIC Star

    It seems fitting that on the occasion of Diwali – the Hindu “festival of lights” – India should emerge as the brightest star in the BRIC firmament.
  10. Investing

    Top 5 India ETFs for 2017

    For investing exposure to Indian markets, explore the top 5 India exchange-traded funds (ETFs), which are comprised of securities traded in India.
RELATED FAQS
  1. How can an individual investor get involved in FDIs (foreign direct investments) ...

    Understand what the term foreign direct investment (FDI) means, and learn how individual investors can get involved in FDI ... Read Answer >>
  2. What economic indicators do agriculture investors need to watch?

    Agriculture investors should keep an eye on land prices, interest rates, inflation, harvest performance and speculative investment ... Read Answer >>
  3. What is the history of futures?

    Explore the history of futures trading and the origin of the major commodity futures trading exchanges in England and the ... Read Answer >>
  4. Is short selling allowed in India?

    In March, 2001, the Securities and Exchange Board of India (SEBI) banned short selling in the Indian stock market. The ban ... Read Answer >>
  5. What risks does a Foreign Institutional Investor (FII) face?

    Read about the types of risks that a foreign institutional investor faces when trading in Indian stock exchanges and dealing ... Read Answer >>
  6. What are the most common market indicators to follow the Indian stock market and ...

    Learn about the most common market indicators used to follow the Indian stock market, including its two major exchanges: ... Read Answer >>
Hot Definitions
  1. Operating Ratio

    A ratio that shows the efficiency of a company's management by comparing operating expense to net sales. Calculated as:
  2. Expense Ratio

    A measure of what it costs an investment company to operate a mutual fund. An expense ratio is determined through an annual ...
  3. Pro Forma

    A Latin term meaning "for the sake of form". In the investing world, it describes a method of calculating financial results ...
  4. Trumpcare

    The American Health Care Act, also known as Trumpcare and Ryancare, is the Republican proposal to replace Obamacare.
  5. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. ...
  6. Portable Alpha

    A strategy in which portfolio managers separate alpha from beta by investing in securities that differ from the market index ...
Trading Center