NCDEX Institute of Commodity Markets and Research

Futures
Spot

About Us

Since the establishment of three National Commodity Exchanges in 2003, the commodity ’futures’ market has witnessed phenomenal growth with traded volumes crossing Rs. 30,000 billion in 2006-07. However, linkages needed for long term, robust growth are woefully inadequate. Lack of a network of well spread spot markets, availability of research material, and intelligence on market trends on various commodities are limiting factors, resulting in poor understanding of the dynamics of the commodity markets.

This is the backdrop for the setting up of the NCDEX Institute of Commodity Markets & Research (NICR), a 100 per cent subsidiary of the National Commodity & Derivatives Exchange. NICR has been incorporated under Section 25 of the Companies Act, 1956 (No. 1 of 1956) on the 18th of September, 2007.
A not for profit company,NICR is dedicated to promoting research and awareness in commodity markets.

THE VISION

To make NICR the country’s leading commodity markets institute recognized as an independent, credible academic and research institute of eminence.

KEY OBJECTIVE

To widen and improve the understanding of commodity markets, deepen and improve its functioning.

MAIN ACTIVITIES

	Engaging in and sponsoring multi disciplinary research.
	Contributing to the development of policy formulation, analysis and advocacy.
	Disseminating information on commodities, products, services, and being recognized nationally as a clearing house for information.
	Providing market intelligence and advisory services in commodities and related sectors.
	Creating a platform for collaboration among scholars, practitioners, policy makers, academia, industry and farmer organizations/institutions.
	Engaging in education, training and awareness.

BOARD OF DIRECTORS

The overall governance powers of NICR vests in the Board of Directors. The Board comprises persons of eminence, each an authority in his/her own right in the areas relevant to NICR - well known, highly experienced, independent and respected.

NICR has three Directors on the Board. At present, following constituted the Board:

1. Mr. R.Ramaseshan, Managing Director & CEO, National Collateral Management Services Limited (NCMSL), and;
2. Mr. Sanjay Kaul, Managing Director and Chief Executive Officer, National Collateral Management Services Limited (NCMSL).
3. Mr. M.K.Ananda Kumar, Chief - Corporate Services & Company Secretary, NCDEX.