pobierz - Wydział Nauk Ekonomicznych SGGW w Warszawie

• dynamic and competitive mechanisms of price discovery,• new, alternative distribution channels,• possibility to avoid intermediaries.A similar electronic marketplace is created in India. The National Spot Exchange(NSEL) is an electronic commodity spot market. The website of the NSEL electronicmarketplace is presented as figure 7.Figure 7. The website of the electronic public marketplace NSEL in IndiaSource: http://www.nationalspotexchange.com/It provides a very transparent and centralized electronic platform for tradingcommodities. Market participants can access the market remotely. It facilitates risk freetransactions of commodities that are specified of quantity and quality. The group ofelectronic market users include farmers, trades, processors, exporters, importers and theretail market participants. Besides electronic market transactions the electronicmarketplace also offers many other services such as warehousing, quality certification,financing of warehouse receipt, etc. The National Spot Exchange has obtained tradelicenses from state government to facilitate online exchanges and delivery of variousagricultural commodities. The electronic exchange operates since 2008 year andprovides electronic trading platform helping the sellers to sell agricultural productsdirectly to end buyers. The NSEL electronic marketplace has more than 500 registeredmembers that have access to over 3000 trader work station. The electronic exchange hasa market share of over 98% of the country electronic commodity spot market. Theelectronic market has changed the Indian trading of agricultural commodities in manyways:191