Commodity trades go the demat way
Commodity futures are witnessing a move towards paperless trading. Demat accounts in NSDL and CDSL have touched a high of 10000 numbers. Both the depositories have almost doubled their demat accounts in the past one year. The average daily turnover of commodity trading has reached Rs. 10000 crores. In Ncdex it is mandatory to open a demat account for trading whereas in Mcx, opening of demat accounts is optional. There are certain commodities like pepper where deliveries are compulsory. Indian investors are being pulled towards commodity trading, it is still novice in India, but slowly and steadily trading in commodities is gaining momentum. Number of traders and investors are increasing with every passing day. However, not much data and research is available on commodities and not many commodities are listed for trading, but with the passage of time brokerages and other research analysts are compiling data for research and tracking their price movements.