Open Interest on NCDEX Grows 5% yoy

Highlights

• Open Interest: Rs. 6888.12 crores in November 2014; % 5.80 yoy increase
• Total traded value of Rs. 64980.59 crores with average daily traded value of Rs. 3249.03 crores for the month of November 2014
• 75003 MT quantity delivered through the exchange platform for the month of November 2014

The open interest on the National Commodity and Derivatives Exchange (NCDEX), the leading commodity exchange, stood at Rs. 6888.12 Crore for November 2014, reflecting a 5.80% increase over the same period last year. The ADTV for the month stood at Rs. 3249.03 Crore, with the commodities amounting to 75003 MT delivered through the exchange platform in the month.

Mr. Samir Shah, MD & CEO, NCDEX said “We at NCDEX, have always believed in delivering the best to the market participants. A huge trust & support from the participants have made it possible for NCDEX to witness an increase in the OI every month. We are determined to provide a transparent platform which will be beneficial to all”.

For the agri segment, the monthly total volume was Rs. 61247.88 crores. The top three commodities were Castor Seed, Refined Soya Oil and Soyabean. The total traded volume for Refined Soya Oil was Rs. 10100.93 crores, while that for Soyabean was Rs. 7283.44 crores. Castor seed futures clocked volumes of Rs. 16218.45 crores; with over 13.29 % yoy growth. 10 MT Guar seed has also seen excellent participation; clocking a volume of Rs. 5456.57 crores, 250.52% yoy growth.

In the Forwards segment 680 MT got traded on the Exchange platform with traded value of 86.17 lacs during the period from November 01, 2014 to November 31, 2014. 773 MT of commodities were delivered on the platform.

ABOUT NCDEX:

As India’s leading online exchange, NCDEX offers the widest range of benchmark products across agriculture, metals and precious metals. NCDEX brings buyers and sellers together through its electronic trading platform. It enjoys the distinction of being the only exchange in the country promoted by national level institutions. The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills.