NCDEX average daily trade value climbs 8% in Sept

The National Commodity and Derivatives Exchange (NCDEX) on Tuesday said its average daily trade value (ADTV) for September 2015 stood at Rs 4,093.10 crore, an increase of 7.82 <g data-gr-id="28">per cent</g> from a year ago.

The futures segment saw 14 per cent <g data-gr-id="32">yoy</g> rise in open interest and <g data-gr-id="37">stands</g> at Rs 7,317.31 crore for September, which indicates higher participation from hedgers who use futures as a risk management tool.

ADTV stood at Rs 4,093.10 crore in September 2015, registering an increase of 7.82 <g data-gr-id="27">per cent</g> in the 

same period last year, a statement here said.

Agri commodities logged a monthly total volume of Rs 88,818.79 crore, with chana, guar seed and refined soya oil being the top three traded commodities.

The total traded volume for chana was Rs 20,800.75 crore, which translates into a jump of 228.80 <g data-gr-id="31">per cent</g> <g data-gr-id="30">yoy</g>. Guar seed volume came in at Rs 12,878.45 crore, up 94.08 per cent y-o-y, while ADTV for refined soya oil read Rs 10,351.65 crore, it said.

The exchange has facilitated delivery of over 1.23 lakh tonnes of goods in September.

The forwards segment on NCDEX has been growing with over 25,500 tonnes of commodities, valued at Rs 109 crore being traded since inception and 24,927 tonnes of goods being delivered through the exchange.

In September 2015 alone, over 1,114 tonnes of commodities have been traded and delivered on the forwards platform, the release said. “We remain focused on developing the entire ecosystem and extending the benefits of transparency and national market access to a wider cross-section of participants,” NCDEX MD and CEO Samir Shah said.