NCDEX mulls electronic spot market trading

“We’re mulling a unified electronic spot market trading in specific varieties across the country and the work has already begun in this regard,” he said, adding “We’ve just begun and not finished yet the rollout of the entire platform. The aim is to turn the spot market into a vibrant one so that the sale can take place on the same day.”

Elaborating further, he said in the spot where there will be a healthy mix of products, future and physical markets get rolled into one through an electronic transfer process. To start with, NCDEX has introduced mustard and channa and maize will follow very soon. In the next one year or so, the exchange hopes to trade a large number of commodities. In fact, in the future market, currently 52 items are being traded of which 15 are very active.