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(From The Economic Times)
Byline: Arindam Saha
: Trading in commodity futures has entered a new phase. Taking a cue from equities, the number of demat accounts in commodities is increasing with each passing day. Soon after NCDEX and MCX announced demat facilities, the number of accounts with depository services - NSDL and CDSL - has crossed 5,000-mark. This has reduced the transaction cost for traders.
With each national commodity exchange having over 700 members, volumes in demat transactions are growing. In deals, where the futures contract end up in physical delivery of the commodity, transactions are mostly registered in demat accounts. …