NMCE gets new corporate identity

National Multi-Commodity Exchange of India (NMCE), the country's first online demutualised commodity exchange today unveiled its new identity.

The new identity was unveiled by B C Khatua, chairman of the commodity market regulator Forward Markets Commission (FMC). The exchange plans to expand its membership network and commodity base.

The launch of the new corporate identity comes at a time when the exchange is preparing to announce a series of business initiatives, such as an agri-spot exchange and launching of currency futures amongst others.

The unveiling of the new identity comes at the back of NMCE receiving approval from the Ministry of Consumer Affairs for Reliance Money's proposed acquisition of stake in the exchange. The exchange's current logo is being replaced with a new and bold looking 'NMCE' written in red with three red and blue arrows on its top right hand side, signifying continuous forward movement.

"With a renewed focus on growth, NMCE is aggressively looking at not only revamping the entire working of the exchange, but also changing the way the exchange is looked at. We not only plan to expand our membership network and commodity base offered, but also plan to reach out to the huge investor base in the commodity space through various new schemes and tie-ups," said Sudip Bandopadhyay, director, NMCE.