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How different are the NMCEs from the many single commodity exchanges in India?

April 26, 2017commodity different exchanges India nmces

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How different are the NMCEs from the many single commodity exchanges in India?

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The primary differences between the NMCEs and other single Commodity Exchanges are that the NMCEs are required to be necessarily demutualised (i.e. not owned or managed by members brokers), have automated trading, Settlement Guarantee Mechanism, trade in all permitted commodities and have trading system available across the country.