Title: An overview of national commodity exchanges in India

Authors: Satinder Kaur; Anand Bansal

Addresses: Dev Samaj College for Women, Chandigarh, Punjab 160047, India ' Department of Commerce, Punjabi University Guru Kashi College, Damdama Sahib 151302, Punjab, India

Abstract: Commodity markets have gone through a long journey. World's first commodity exchange, the Chicago board of trade was started in the USA in 1848 and in India, Bombay Cotton Trade Association Ltd started commodity exchange in year 1875. At present in India, total number of recognised commodity exchanges is 23 including six national level electronic commodity exchanges, which are dealing in more than 100 commodities together. The present paper is an attempt to study the growth of commodity exchanges in India. Keeping the recent intensification in Indian commodity exchanges in mind, the aim of this paper is to outline the history, evolution, regulatory framework and growth of commodity exchange. Hence the present paper reviews and examines the various issues related to commodity exchanges currently operating in India. The authors have used secondary data taken from the various publication of forward market commission (FMC).

Keywords: commodity markets; India; national commodity exchanges.

DOI: 10.1504/IJEF.2013.058600

International Journal of Electronic Finance, 2013 Vol.7 No.3/4, pp.299 - 307

Received: 25 Jan 2013
Accepted: 23 Oct 2013
Published online: 09 Jan 2014 *

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