Wednesday, July 18, 2012

First physical delivery in commodities market

Nepal Spot Exchange (NSE) has facilitated the first ever trade in local agro commodity with physical delivery through pure order matching mechanism which is a first of its kind in the domestic commodities exchange industry.
The immense research and untiring efforts put in by the warehouse team of the exchange has helped it execute a trade in potato between a Kavre and a Kathmandu based buyer and seller after the buy and sell quotes registered were matched through an offline mechanism, according to NSE.
The buyers and sellers are benefited by the transaction of quality goods at reasonable prices with well defined and organised delivery facilities, said Nepal Spot Exchange.
"The team would like to express its heartfelt gratitude to its first buyer and seller of physical delivery mechanism for their trust and support in the new emerging concept and would also like to inform the stakeholders that the exchange will be very soon launching the online mechanism for physical delivery as well," it added.
Beside these contracts, the exchange facilitates trading in 21 contracts in its Roll Over and Futures Segment including currency trading in US dollar and Nepali rupee.
Nepal Spot Exchange is a professionally organised, structured and managed online commodity spot exchange marketplace, which facilitates easy market access to producers, traders, bulk dealers, and consumers to trade in a wide spectrum of commodities ranging from local agricultural products to bullions, industrial metals, and energy through an online trading platform.

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