
The Derivatives Market in India 29
C H A P T E R S U M M A R Y
Commodity derivatives are traded on the Multi-Commodity
Exchange of India (MCX) and the National Commodity and
Derivatives Exchange Limited (NCDEX).
Financial derivatives are traded on the Bombay Stock
Exchange (BSE) and the National Stock Exchange (NSE).
All exchanges use the online trading system.
All trades are to be cleared by a clearing member (CM) of the
exchange.
e exchanges require the CMs to post a margin amount,
which is based on the volatility of the underlying asset prices.
e various types of orders used in exchanges are regular ...