National commodity bourses are gearing up to launch new products this year on the back of growing interest by small investors. Mumbai-based National Commodity & Derivatives Exchange (NCDEX) is firming up plans to launch two products, most probably in the chemical sector. Indian Commodity Exchange (ICEX), which started operations in late 2009, will soon introduce micro volumes of gold and silver contracts of up to 1 kg each. Kotak group-anchored Ace Derivatives & Commodity Exchange commenced soya meal futures trading last week and is considering plans to launch a few more in mid-year. "We're exploring opportunities in a few commodities that might generate interest among new participants," says Vijaya Kumar, chief business officer of NCDEX.
Source: Economic Times
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