There's ample room for new entrants in equity exchange: NCDEX MD & CEO

With a strong rural connect, cutting-edge risk management systems, and a clear growth vision, the exchange sees vast untapped potential beyond India's metros, says Arun Raste

National Commodity and Derivatives Exchange (NCDEX) is gearing up for its next big leap — a foray into equities. The exchange, which is currently laying the groundwork, plans to launch equity trading by August next year. To fuel this diversification, Managing Director (MD) and Chief Executive Officer (CEO) Arun Raste says NCDEX aims to raise over ₹500 crore for offering both cash equities and derivatives. In a telephonic interview with Khushboo Tiwari, Raste outlines the strategy, funding plans, and vision behind NCDEX’s entry into the equity markets. Edited excerpts:

 

What made NCDEX decide to foray into equities?

 

Our analysis revealed