National Commodity and Derivatives Exchange (NCDEX) on Wednesday announced the commencement of trading in the country’s first agri futures index NCDEX AGRIDEX.
The NCDEX AGRIDEX futures contracts expiring in the months of June 2020, July 2020, September 2020 and December 2020 shall be available for trading from May 26, 2020.
National Commodity & Derivatives Exchange Limited is an online commodity exchange based in India. It has an independent board of directors and provides a commodity exchange platform for market participants to trade in commodity derivatives.
Here is main text It has commodity-wise and sector-wise floors and caps, with no single commodity or sector dominating the index. AGRIDEX has very low correlation with other asset classes and indices. To ensure diversification, no group of related commodities may constitute more than 40% of the total weightage in the index.
The rollover will be done on the first 3 days of the expiry month and the index would be rebalanced annually on the first business day of April. AGRIDEX is a comprehensive agri-commo ..
Announcing the launch, Vijay Kumar, MD & CEO, NCDEX said, Agriculture is key pillar of the Indian economy and contributes significantly to employment and economic growth. NCDEX has always played an important role in providing risk management tools for the Indian agricultural value chain. The introduction of AGRIDEX Futures is another important step in the same direction. AGRIDEX Futures contracts will provide investors one more tool for trading and risk management at a composite level.
– Vijay Kumar