What is a nationwide multi commodity exchange (NMCE)?
The existing Commodity Exchanges operating in the country have at best managed to create liquidity primarily in one commodity. The main reason for that is the absence of a nationwide reach and access to multiple commodities. The Government of India, therefore, decided to establish Nationwide Multi Commodity Exchanges in order to address this key issue. The objective of establishing NMCEs is to ensure that the Commodity Exchanges operate at a national level, trade in all commodities with economies of scale and adopt best practices in Exchange management, like, demutualisation, automation and settlement guarantee.
