Back to Commodity Exchanges
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.

More Exchanges in Asia

Uzbek Commodity Exchange

UZEX · Tashkent, Uzbekistan

The Uzbek Commodity Exchange (UZEX), established in 1994 in Tashkent, is Uzbekistan's primary commodity exchange and one of Central Asia's largest. UZEX trades a wide range of products including ferrous and non-ferrous metals, crude oil derivatives and petroleum products, base oils, LPG, polyethylene, chemicals, sugar, cotton, and agricultural commodities. As a key institution in Uzbekistan's market economy transition, UZEX provides transparent price-discovery and exchange infrastructure for the country's resource-rich commodity sectors.

Dalian Commodity Exchange

DCE · Dalian, China

The Dalian Commodity Exchange (DCE), established in 1993, is one of China's three major commodity futures exchanges, regulated by the China Securities Regulatory Commission (CSRC). DCE is the world's largest exchange for iron ore futures by volume and a top global market for agricultural derivatives including soybeans, soybean meal, soybean oil, corn, and palm oil. The exchange also lists industrial plastics (polyethylene PE, polypropylene PP, PVC, ethylene glycol EG), energy products (LPG), and coking coal and coke contracts.

Hong Kong Mercantile Exchange

HKMEx · Hong Kong

The Hong Kong Mercantile Exchange (HKMEx) was an electronic commodity derivatives exchange established in 2008, launching trading in 2011. It offered USD-denominated gold and silver futures contracts designed to serve as a bridge between the Western and Asian precious metals markets, taking advantage of Hong Kong's position as a global financial hub. HKMEx surrendered its FINI licence and ceased operations in May 2013 following regulatory investigations and trading irregularities.

Bombay Stock Exchange

BSE · Mumbai, India

The Bombay Stock Exchange (BSE), founded in 1875 as the Native Share & Stock Brokers Association, is Asia's oldest stock exchange and one of the world's largest by number of listed companies. While primarily an equity and debt exchange, BSE offers commodity derivatives including base metals, agricultural products, energy, and precious metals via BSE's commodity segment. BSE is headquartered in Mumbai's financial district and is regulated by SEBI. It lists over 5,500 companies and provides critical infrastructure for India's capital markets.