Open Interest on NCDEX grows 18% yoy

Mumbai, October 3, 2014: The Open Interest on the National Commodity and Derivatives Exchange (NCDEX), the leading commodity exchange for October 2014 stood at Rs. 6813.73 crores, seeing an 18.04% increase over the same period last year. The ADTV for the month stood at Rs. 3152.28 crores. With 60103 MT of commodities delivered through the exchange platform in the month.

For the agri segment, the monthly total volume was Rs. 63732.7 crores. The top three commodities were Castor Seed, Refined Soya Oil and Soyabean. The total traded volume for Refined Soya Oil was Rs. 12224.62 crores, while that for Soyabean was Rs. 8715.49 crores. Castor seed futures clocked volumes of Rs. 17604.06 crores; with over 46.62% yoy growth. 10 MT Guar seed has also seen excellent participation; clocking a volume of Rs. 4668.31 crores, 166.78% yoy growth. 

In the recently launched Forwards contracts, 2630 MT was traded on Exchange with traded value of 4.09 Cr during the period from September 25, 2014 to October 31, 2014. A total of 2030 MT of commodities were delivered in the Forwards segment.

Samir Shah, MD & CEO, NCDEX said “Open Interest is an extremely important metric that shows the health and effectiveness of an exchange. We have witnessed growth in the OI which showcases a huge trust of the market participants on us and gives us the confidence of introducing new contracts in our commodities basket”.

 

-- -----------------------------

Readers may send their news/views/feedback to us: