Within the next two years, the spot exchanges of National Commodity & Derivatives Exchange (NCDEX) may be rolled under its subsidiary, NCDEX Spot Exchange, in all the major states in the country.

The spot exchanges aim to focus at spot trading in agricultural commodities, other than giving priority to agro-marketing. R Ramaseshan, NCDEX MD and CEO, said in Chennai that the company’s focus on agricultural commodities would be just like the parent company’s futures exchange which has 800 trading centres across the country.

The exchange is also aiming at setting delivery centres across all the major trading centres in every state, which will result in improvement in trading cycle and also reduce the time of the delivery that otherwise takes 3-7 days. To achieve all this, the company would have to build an efficient infrastructure which includes warehousing and logistics.

Mr Ramaseshan reported, “We would actually just like to strengthen these partnerships to offer better trading facilities. We are even looking at APMC and the central warehousing corporation (CWC) as possible partners.” He further added that even as NCDEX takes the responsibility for proper delivery of goods of promised quality, professionals are employed to examine them.