Indiainfoline to launch MCX, NCDEX, DGCX software
Mumbai: Indiainfoline is launching software for trading in the Multi Commodity Exchange (MCX), National Commodities & Derivatives Exchange (NCDEX) and Dubai Gold & Commodities Exchange (DGCX). The company is targeting 50 lakh users within three months.

This software will cater to the need of online traders dealing in all kind of commodities including yellow metal.

Kadam Shah, business development manager, Gujarat, Indiainfoline said, "Our market share is around two per cent in online trading in commodities with a software offering MCX and NCDEX trading," he said.

He added that company targets 100 per cent market share in online trading of commodities.

"For awareness we will also conduct various seminar in villages and mandis where in traders will come and understand the arbitrage and hedging together in which ever commodities they are interested," he added.

Shah claimed that Indiainfoline has a market share of 26 per cent of Indian hedgers based in Dubai. He said currently, online trading is expected to be around Rs1,000 crore in the country of which Indiainfoline has a market share of around 26 per cent he said.

However, the company has recently launched an offer of registering for brokerage and depository accounts for life time for just Rs555 which is expected to lead to a major rise in business, he said.
Back to News Review index page