NCDEX, trade portal polymerupdate.com enter into strategic tie up

Mumbai, Jun 26 (UNI) National Commodity and Derivaties Exchange Ltd (NCDEX) today announced a strategic tie up with leading online Polymer Information portal 'www.polymerupdate.com'.

The tie-up is a win-win proposition for both the entities as subscribers of the portal will know the real time prices of futures contracts in three polymers-polypropylene (PP), Linear Low Density, Polyethylene (LLDPE) and Polyviny Chloride (PVC)-being traded on the NCDEX online trading platform while the Exchange's members and clients gain access to market news and intelligence.

An agreement cementing the tie-up was signed by NCDEX Chief Business Officer Shrikant S and 'polymerupdate.com' Founder and CEO Sajid Mitha.

The tie-up will help in the discovery and dissemination of real time prices for Polymers in India and provide the NCDEX platform for hedging risks to the entire value chain of Polymer Industry.

NCDEX Chief Business Officer Mr Shrikant said, ''This tie-up will strategically integrate the Polymer industry with the derivative market participants as polymerudate.com will showcase almost real time prices of polymers being traded on the NCDEX platform.'' UNI