National Commodity and Derivatives Exchange (NCDEX) has partnered with Noida-based agritech startup Skymet Weather Services to launch a weather index and facilitate derivatives trading on the index. NCDEX and Skymet Weather Services will seek approval for launching derivatives on the weather index from SEBI. The upcoming exchange platform will use the India Meteorological Department (IMD) definitions on rain predictions.
NCDEX Partners With Skymet To Bring Derivative Trading On Weather Index
Date posted: Friday 3 July 2020