Nepal Derivative Exchange Limited (NDEX) went into operation on Jan. 4 by listing six products for transaction on the market. It is the third derivate exchange company in the country. "Investors can invest in gold, silver, crude oil, copper, natural gas and heating oil on the NDEX at the moment," said managing director Santos Pradhan at a press meet on Wednesday.
Gold in amounts of 1 kg, 500 grams and 100 grams can be traded on the NDEX. Likewise, silver can be traded in quantities of 30 kg and 5 kg, crude oil 250 bbl and 50 bbl, and copper 5000 kg and 1000 kg. "Investors have to pay Rs. 75,000 for trading 1 kg of gold on our market," Pradhan said. According to him, investors are more attracted to investing in gold and crude oil. The prices of the above goods will be based on the New York Mercantile Exchange.
He said that the NDEX was studying the possibility of incorporating various agricultural products including cereal, tea, wheat, corn, jute, cardamom and yarsagumba in the list for trading and preparing the necessary physical infrastructure.
There are 25 brokers involved in helping investors to trade on the NDEX, according to Pradhan. Kasthamandap Clearing House is operating as the clearing agent. Pradhan said the company's initial paid-up capital was Rs. 50 million.
Source:eKantipur
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Friday, January 8, 2010
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great news. i was searching long time. now i m happy . i find out now. i m going to trade gold soon
ReplyDeletethanks for sharing