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NCML launches for commodity mkt participants

Press Trust of India  |  New Delhi 

Leading warehousing NCML today launched an '' for the benefit of market participants.

The portal, to be operated by its subsidiary firm NCML MktYard Pvt Ltd, will offer services like forward/reverse auctions, e-procurement, of commodities and safe and convenient payment gateway mechanisms, it said.

Among other key features, National Collateral Management Services Ltd (NCML) said it is an integrated trading and settlement system with lower transaction/trading cost. Delivery of commodities will be done from approved warehouses.

The will directly connect clients and their stocks in warehouses and collateral management locations through the link.

Commenting on the launch, NCML said: " is a response to the emerging market need for providing a liquid warehouse receipts market and is aimed at changing the decades old trade practices in agri-sector.

This would help market participants to buy or sell commodities without hassle and create a tradable liquid warehouse receipt-based in

On the occasion, NCML also released the ' Year Book 2018' that addresses pressing issues and latest developments in agriculture and the commodity space.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 23 2018. 17:35 IST