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. Standard And Poor's CNX Nifty

    A stock index endorsed by Standard & Poor's and composed of 5 ...
  3. Calcutta Stock Exchange (CAL) .CL ...

    The securities market in Calcutta, India. The country's second-oldest ...
  4. Stock Market

    Exchanges or over-the-counter markets in which shares of publicly ...
  5. Jakarta Stock Exchange (JKT) .JK

    Indonesia's first stock exchange. Founded in 1912 for the interest ...
  6. USDA

    A department of the United States government that manages various ...
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. Insights

    Understanding the Trends Driving India's Rise

    Numerous factors support India’s rise as a global superpower and will help the economy continue on a high and sustainable growth path.
  3. Investing

    India Remains An Emerging Market Bright Spot

    Change has finally come to India. The election of a business-friendly reformer appears to be the spark that will send Indian equities higher.
  4. Investing

    Investing in India: The Next Frontier?

    Watch as India becomes one of the next top frontier markets in which to invest as it grows to be a major player in the global economy.
  5. Investing

    Apple to Manufacture iPhones in India (AAPL)

    Foxconn close to signing deal to start $10 billion plant in the country.
  6. Insights

    Apple iPhones Sold in India Are 40% More Expensive (AAPL, GOOG)

    Apple prides itself on bringing new technology to the masses every year, but it may be depending on older models to drive sales in its fastest growing market.
  7. 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.
  8. Small Business

    Modi Announces Initiative to Boost Indian Startups

    India announces tax-breaks and other initiatives to push the startup climate in India and draw potential funding investors.
  9. Insights

    Apple iPhone SE to Be First Model Assembled in India

    Indians can look forward to a reasonably priced iPhone.
  10. Investing

    Bombay Stock Exchange CEO Ashish Chauhan on India Rising

    India's largest stock exchange is hitting its stride. We talk with CEO Ashish Chauhan in New York.
RELATED FAQS
  1. Who decides when to print money in India?

    Find out the role of the Reserve Bank of India, or RBI, and the amount of authority given to the government. Learn who is ... Read Answer >>
  2. 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 >>
  3. What countries are driving most of the growth of the Internet sector?

    Learn which countries are expected to lead the growth of the Internet sector in the short term. Most of the growth comes ... Read Answer >>
  4. What emerging markets are best suited for investing in the financial services sector?

    Discover some of the primary emerging market countries that offer attractive investment opportunities in the financial services ... Read Answer >>
Hot Definitions
  1. Liquid Asset

    An asset that can be converted into cash quickly and with minimal impact to the price received. Liquid assets are generally ...
  2. Nostro Account

    A bank account held in a foreign country by a domestic bank, denominated in the currency of that country. Nostro accounts ...
  3. Retirement Planning

    Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve ...
  4. Drawdown

    The peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted ...
  5. Inverse Transaction

    A transaction that can cancel out a forward contract that has the same value date.
  6. Redemption

    The return of an investor's principal in a fixed income security, such as a preferred stock or bond; or the sale of units ...
Trading Center