National Commodity and Derivatives Exchange (NCDEX), an on-line multi commodity exchange of the country, will be launching the future contracts in Steel Long on the exchange which would be available for trading with effect from December 26, 2012.
The exchange will be launching it as per the Byelaws, Rules and Regulations of the Exchange and with the approval of the Forward Markets Commission.
The Steel Long futures contracts expiring in the months of February 2013, March 2013 and April 2013 will be available for trading with modified contract specifications. Besides, the mode of delivery for these contracts is Direct Delivery system. The system of demat/remat shall not apply for Steel Long futures contracts.
