India's first electronic exchange for spot agricultural
commodities is being established through a joint venture
involving a futures exchange, Multi Commodity Exchange (MCX).
The new National Spot Exchange for Agriculture Produce (NSEAP)
aims to link the country's Agriculture Produce Marketing
Cooperatives (APMCs) and other physical market players.
Participants will be able to electronically trade and settle
physical transactions as well as arrange storage and transport.
State Bank of India will be the principal clearing and
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