| From mondovisione.com: National Spot Exchange Ltd (NSEL), India’ first online spot trading platform, today commenced mock trading on pan India basis in agriculture commodities. NSEL has received license to commence online trading from the Governments of Maharashtra, Karnataka and Gujarat. Besides, it has entered into MoU with the Governments of Rajasthan and Madhya Pradesh.
As of now, more than 500 entities from across the country have evinced interest in membership of NSEL and 225 of them have already submitted their applications. The launch of NSEL will strengthen the supply chain and provide an efficient procurement mechanism to the corporates.
On the occasion, Mr. Anjani Sinha, MD & CEO NSEL said, “Mock trading is a replica of the systems and procedures used for live trading. Our aim is to ensure that all our members are ready to commence trading on day one and that our systems are robust, effective and efficient. The exchange is planning to launch Arecanut, Black Pepper, Castor seed, Coriander, Cumin seed, Cotton (long and medium) Gold, Rubber, Silver, Tur, Urad and a number of other commodities for trading.”.....Full Article Source |