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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