Commodity trading in India: Difference between revisions

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Line 1: {{Short description\|none}} <!-- This short description is INTENTIONALLY "none" - please see WP:SDNONE before you consider changing it! --> ~~{{Multiple issues\|~~ {{more citations needed\|date=January 2021}} ▼ ~~{{Short description\|Commodity trading in India}}~~ ~~{{Cleanup bare URLs\|date=August 2022}}~~ ▲{{more citations needed\|date=January 2021}} }} '''Commodity trading in India''' has a long history. In fact, [[Commodity markets\|commodity trading]] in [[India]] started much before it started in many other countries. However, years of [[British Raj\|foreign rule]], [[drought]]s and periods of [[scarcity]] and government policies caused the commodity trading in India to diminish. In 2016, apart from numerous regional exchanges, India had Six national commodity exchanges namely, [[Multi Commodity Exchange]] (MCX), [[National Commodity and Derivatives Exchange]] (NCDEX), [[Indian Commodity Exchange]] (ICEX), [[National Multi Commodity Exchange]] (NMCE),~~<ref>~~{{~~cite web~~ cn\| ~~url=https://www.marketswiki.com/wiki/National_Multi-Commodity_Exchange#:~:text~~date=~~The%20National%20Multi%20Commodity%20Exchange,24%20commodities%20in%20November%202002 \| title=National Multi-Commodity Exchange - MarketsWiki, A Commonwealth of Market Knowledge~~July 2023}}~~</ref>~~ [[ACE Derivatives Exchange]] (ACE) and [[Universal Commodity Exchange]](UCX).<ref>{{Cite web\|url = https://www.jagranjosh.com/general-knowledge/commodity-exchanges-of-india-1472207100-1\|title = Commodity Exchanges of India\|date = 26 August 2016\|access-date = 25 June 2024\|archive-date = 24 October 2023\|archive-url = https://web.archive.org/web/20231024023358/https://www.jagranjosh.com/general-knowledge/commodity-exchanges-of-india-1472207100-1\|url-status = live}}</ref> In 2018 both [[National Stock Exchange of India\|National Stock Exchange]] (NSE)<ref>{{Cite web \|date= \|title=NSE - National Stock Exchange of India Ltd. \|url=https://www1.nseindia.com/products/content/derivatives/commodity/commodities.htm \|archive-url=https://web.archive.org/web/20210609182424/https://www1.nseindia.com/products/content/derivatives/commodity/commodities.htm \|archive-date=2021-06-09 \|access-date= \|website=www1.nseindia.com}}</ref> and [[Bombay Stock Exchange]] (BSE)<ref>{{Cite web\|url=https://www.bseindia.com/markets/marketinfo/DispMediaRels.aspx?page=76a7b4c9-2f30-4602-a635-0754e4d8d2f0\|title = BSE (Formerly Bombay Stock Exchange)}}</ref> launched trading in commodities. The [[regulatory body]] was erstwhile [[Forward Markets Commission]] (FMC) which was set up in 1953. As of September 2015, FMC was merged with the [[Securities and Exchange Board of India]], SEBI. After this merger, SEBI has ordered to exit many commodity exchanges.<ref>{{Cite web\|url=http://www.moneycontrol.com/news/market-news/fmc-formally-mergessebi_3282501.html\|title=Jaitley Rings in FMC-Sebi Merger\|date=28 September 2015\|access-date=3 October 2015\|archive-date=1 October 2015\|archive-url=https://web.archive.org/web/20151001031253/http://www.moneycontrol.com/news/market-news/fmc-formally-mergessebi_3282501.html\|url-status=live}}</ref> ==References== Line 16 ⟶ 13: ==External links== * [http://www.sebi.gov.in/ Securities and Exchange Board India] * [https://www.shyamadvisory.com/commodity-trading-in-india/ Commodity Trading in India] {{Commodity Exchanges in India}}