The Hindu Business Line : NMCE ranked world's 14th largest bourse

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The feat is all the more exciting for NMCE as it was launched only four years ago.
NMCE also occupies the tenth spot in global agricultural futures trade in UNCTAD report.

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Ahmedabad Feb. 10 As per an UNCTAD survey, the Ahmedabad-based National Multi-Commodity Exchange (NMCE) has jumped five places as the fourteenth largest commodity exchange in the world by `contract volumes' in 2004, up from nineteenth in 2003.

In all, 10.154 million one-sided (20.309 million double-sided) contracts were traded on NMCE terminal in 2004, as against 1.592 million one-sided contracts in 2004.

The findings have been communicated by Geneva-based United Nations Conference on Trade and Development (UNCTAD) Asociate Economic Affairs Officer (commodities branch), Mr Adam Gross, who also congratulated NMCE for its `outstanding performance' in 2002.

The feat is all the more exciting for NMCE as the country's first fully-electronic multi-commodity exchange with nationwide reach was launched just four years back on November 26, 2002.

The exchanges, which NMCE had left behind over the last one year, included Euronext LIFE, Kansas City Board of Trade (KCBT), Winnipeg Commodity Exchange (WCE, Canada) and SAFEX/JSE of South Africa. The list of the largest global exchanges is topped by New York Mercantile Exchange (NYMEX), followed by Chicago Board of Trade (CBOT)

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NMCE ranked world's 14th largest bourse

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