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Mumbai, Oct 15

National Spot Exchange Ltd, promoted by Financial Technologies and National Agricultural Co-operative Marketing Federation, went live on Wednesday. NSEL offers online platform for trading in agriculture and non-agriculture commodities. Initially Gold, Gold Mini, Silver and Cotton will be available for trading. NSEL has already received license from governments of Maharashtra, Karnataka and Gujarat to commence online trading. The delivery for gold and silver will be based o n T+2 and cotton T+8 patterns. Agriculture commodities will be traded between 10 am and 6 pm and non-agriculture commodities from 10 am to 11.30 pm. —

Our Bureau

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