NCDEX Yellow Red Maize

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Yellow Red Maize futures
Exchange National Commodity & Derivatives Exchange
Settlement Physically delivered
Contract Size 10 metric tons
Pricing Unit Need pricing unit!
Tick Value 50 Paise (0.50 Rupee)
Contract Months All months
Last Trading Day 20th day of the delivery month. If 20th happens to be holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange (other than a Saturday).
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Mondays through Fridays: 10:00 AM to 05:00 PM

Saturdays: 10:00 AM to 2:00 PM

Ticker Symbol N/A MAIZYRNZM
Price Limits N/A Daily price fluctuation limit is (+/-) 3%. If the trade hits the prescribed daily price limit, there will be a cooling off period for 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter, the price band shall be raised by another (+/-)1% and trade will be resumed. If the price hits the revised price band again during the day, trade will only be allowed within the revised price band. No trade/order shall be permitted during the day beyond the revised limit of (+/-) 4%.

On the first day of a new contract, the limit on daily price fluctuation will be reckoned with reference to the opening price. On the second and subsequent days of trade, the daily price fluctuation limit will be reckoned with reference to the mark-to-market rate of the previous closing day.

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Resources[edit]

NCDEX Yellow Red Maize Contract Specifications