National Spot Exchange is an Commodity Exchange in India, is a joint venture of Financial Technologies (India) Ltd. (FTIL) and National Agricultural Cooperative Marketing Federation of India Limited. National Spot Exchange has commenced its Live trading operations in different commodities from Wednesday, the 15th October 2008. It has started trading in Pre-certified cotton bales for Mumbai delivery, Imported Gold bar and silver bar for Ahmedabad delivery from the day one an now has added number of commodities for the spot trading.
Its stated mission is to develop a Common Indian Market, by setting up a national level electronic spot market and providing a state of art trading, delivery and settlement facilities in various commodities, which can be accessed from across the country.
Selling - Provide an electronic trading and auction platform to sell the commodities (Agri, bullion and Metals).
Procurement - The bulk buyers can procure the agri-commodities directly from the farmers through electronic platform provided by the NSEL.
Warehousing - Exchange is providing warehousing facilities for various commodities and also facilitate to sell it through the electronic platform to the bulk buyers and millers situated across the country.
Finance- Provides commodity procurement finance and warehouse receipt finance.
Investment- Provide investment instruments for the investors investing in commodities. E-series products launched by NSEL can be bought by the......