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Get to know National Multi-Commodity Exchange of India Limited

Founded in 2002, the National Multi-Commodity Exchange of India Limited (NMCE) was a pioneering online commodity exchange in India. It was promoted by various entities including the Central Warehousing Corporation (CWC) and the National Agricultural Cooperative Marketing Federation of India (NAFED). The exchange provided a platform for trading in futures contracts for a wide range of agricultural commodities. In 2017, NMCE merged with the Indian Commodity Exchange (ICEX), a move aimed at creating a stronger, more comprehensive national-level commodity exchange, which became India's third-largest. Following the merger, the NMCE entity ceased to operate independently.

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National Multi-Commodity Exchange of India Limited

India

Founded in

2002 (24 Years)

Founded

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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