16.10.2008 - India's first electronic spot exchange starts trading
From Indiatimes.com: National Spot Exchange (NSEL), an electronic trading platform in commodities, today started operation by launching gold, gold mini, silver and cotton contracts. "We have launched gold, mini gold, silver and cotton contracts and will launch more commodities every week," NSEL Managing Director Anjani Sinha said from Mumbai. He said, while gold and silver have to be delivered at designated warehouses in Ahmedabad, delivery centre for cotton is Mumbai...... Full Article: Source