10.07.2015 Views

chana - NCDEX

chana - NCDEX

chana - NCDEX

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The <strong>chana</strong> futures contract is an effective tool to manage price riskVOLATILITY IN SPOT PRICE OF CHANA IN 2010The efficient price discovery through the futures contract on <strong>chana</strong> explains the accomplishment of this derivatives product.A close convergence of futures and spot prices of <strong>chana</strong> contract upon expiry illustrates the utility of this futures contract as ahedging instrument.PRICE DISCOVERY THROUGH CHANA FUTURES CONTRACTSource: <strong>NCDEX</strong> (Monthly volatility calculated on the basis of spot prices at basis centre)Source: <strong>NCDEX</strong>TRADED VOLUME OF CHANA FUTURES ON <strong>NCDEX</strong>6Source: <strong>NCDEX</strong>

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