Open Interest on NCDEX Grows 31% Y-o-Y

Highlights

• Open Interest: Rs. 6,901 crore in August 2014; 31% yoy increase.

• Total traded value of Rs.70,277 crore with average daily traded value of Rs.3514 crore for the month of August 2014

• 93, 396 MT quantity delivered through the exchange platform for the month of August 2014.

The Open Interest on the National Commodity and Derivatives Exchange (NCDEX), the leading commodity exchange for August 2014 stood at Rs. 6901 crore, seeing a 31% increase over the same period last year. The ADTV for the month stood at Rs. 3514 crore. With 93,396 MT of commodities delivered through the exchange platform in the month.

For the agri segment, the monthly total volume was Rs. 68,495.21 crore. The top three commodities were Castor Seed, Refined Soya Oil and Soyabean. The total traded volume for Refined Soya Oil was Rs. 12853 crore, while that for Soyabean was Rs. 7051 crore. Castor seed futures clocked volumes of Rs. 14,514 crore; with over 18% yoy growth. 10 MT Guar seed has also seen excellent participation; clocking a volume of Rs. 4925 crore, 300% yoy growth.

The Exchange received approval from the regulator to introduce exchange traded forward contracts and has introduced a new membership category for the same.

Mr. Samir Shah, MD & CEO, NCDEX said “Open Interest is an extremely important metric that shows the health and effectiveness of an Exchange. We have the best volume to open interest ratio in the country and this is a fantastic foundation to have for any Exchange and we will continue to aggressively build on it.”

ABOUT NCDEX:

As India’s leading online exchange, NCDEX is where customers repose trust. It offers the widest range of benchmark products across agriculture, metals and precious metals. NCDEX brings buyers and sellers together through its electronic trading platform. With a widely held shareholding, 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.