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NCML unveils online platform for trading in warehouse receipts

24 Jan 2018 Evaluate

The National Collateral Management Services (NCML) has launched an online platform Mktyard.com for trading in warehouse receipts. The portal is operated by NCML MktYard, a wholly-owned subsidiary of NCML.

The platform is equipped with modern IT solutions that help commodity market participants to buy or sell commodities without hassle and create a tradable liquid Warehouse Receipt based e-marketplace.

Further, the portal connects the buyers and sellers and facilitates price discovery and eliminates price risk. Buyers can also avail loan offered by banks for purchasing commodity on the platform.