National Commodity Exchange Limited
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| National Commodity Exchange Limited | |
| Image:NCEL.jpg | |
| Headquarters | Karachi, Pakistan |
|---|---|
| Key People | Assim Jang, Managing Director; Shaukat Tareen, Chairman |
| Products | Gold |
| Web site | www.ncel.com.pk |
National Commodity Exchange Limited (NCEL) is the first technology driven, de-mutualized, on-line commodity futures exchange in Pakistan. Patsystems provides end-to-end technology for NCEL, including the matching engine and front-end JTrader platform.[1]
Contents |
History
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NCEL’s shareholders are Karachi Stock Exchange, Lahore Stock Exchange, Islamabad Stock Exchange, Pak Kuwait Investment Company (Pvt.) Limited, and Zarai Taraqiati Bank Ltd and it is regulated by Securities and Exchange Commission of Pakistan.
The breakdown of shareholder interest for NCEL is as follows;
Shareholder - Percentage of Shareholding
- Karachi Stock Exchange (Guarantee) Ltd. - 36.36%
- Islamabad Stock Exchange (Guarantee) Ltd. - 22.73%
- Lahore Stock Exchange (Guarantee) Ltd. - 22.73%
- Pak-Kuwait Investment Company Ltd. - 9.09%
- Zarai Taraqiati Bank Ltd. - 9.09%
Products and Services
NCEL currently lists gold futures.[2] They are adding products in two stages, first listing gold, cotton yarn, sugar, rice and wheat. In the second phase, NCEL will also list financial futures contracts.[3]
Key People
References
- ↑ Exchange solutions. Patsytems Plc. Retrieved on January 31, 2008.
- ↑ Gold Contract Specificiations. National Commodity Exchange Limited. Retrieved on January 31, 2008.
- ↑ About Us. National Commodity Exchange Limited. Retrieved on January 31, 2008.
