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AsiaNMCEPrecious Metals, Base Metals, Agricultural

National Multi-Commodity Exchange of India Ltd

Ahmedabad, India

Abbreviation

NMCE

Location

Ahmedabad, India

Region

Asia

Product Types

Precious Metals, Base Metals, Agricultural

About National Multi-Commodity Exchange of India Ltd

National Multi-Commodity Exchange of India Ltd (NMCE), founded in 2002 and headquartered in Ahmedabad, was India's first demutualized national-level commodity futures exchange. NMCE offered futures contracts for precious metals, base metals, and agricultural commodities. Despite being a first-mover in India's commodity derivatives space, NMCE faced sustained challenges in liquidity and competition from MCX and NCDEX. SEBI cancelled NMCE's recognition as a national commodity exchange in 2018, effectively ending its operations.

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