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.