How does National Commodity and Derivatives Exchange Limited (NCDEX) work

National Commodity and Derivatives Exchange Ltd (NCDEX) is a public limited company registered under The Companies Act, 1956 with the Registrar of Companies, Maharashtra in Mumbai on April 23,2003. National Commodity and Derivatives Exchange (NCDEX) and the Multi-commodity Exchange (MCX) in arriving at the spot and the settlement price.The spot prices for all commodities are collected from members across the country through polling. The daily settlement price is the Value Weighted Average Price (VWAP) or the theoretical futures prices arrived at from the spot prices. Value weighted average price is better option to maintain sustainable liquidity. If you want to increase your financial growth by investing in commodity market.I would suggest KheloMCX,best commodity tips provider.
(Source : https://www.quora.com/How-does-National-Commodity-and-Derivatives-Exchange-Limited-NCDEX-work)

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