1 / 16

Electronic Price Ticker Boards

Price Dissemination Project An Initiative of Government of India I mplemented by Forward Markets Commission and Five National Commodity Exchanges (NMCE, NCDEX, MCX, ICEX, ACE). Electronic Price Ticker Boards. Introduction.

hyatt-guzman
Télécharger la présentation

Electronic Price Ticker Boards

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Price Dissemination ProjectAn Initiative of Government of India Implemented by Forward Markets Commission and Five National Commodity Exchanges (NMCE, NCDEX, MCX, ICEX, ACE) Electronic Price Ticker Boards

  2. Introduction • Forward Market Commission (FMC) : is a regulatory authority which is overseen by the Ministry of Consumer Affairs and Public Distribution, Govt. of India. • Introduces several regulatory measures to instill discipline in the market. • Exchanges : NMCE, NCDEX, MCX, ICEX & ACE are the recognized National Commodity Exchanges in India. • Trading platform - around 100 different Agri & Non-Agri commodities. • System & trading practices are comparable to the best in the world. • The futures prices discovered on these Exchanges have increasingly become a referral price in the market. • AGMARKNET : Ministry of Agriculture has launched central sector scheme of Agricultural Marketing Information Network (AGMARKNET) to link important Agri markets of India & State Agri Marketing Board. • More than 2000 mandis are regularly reporting price related data

  3. Agriculture Commodities Traded On National Exchanges

  4. Objectives of the Price Dissemination Project • Dissemination of price information (both spot and futures) for agricultural commodities through price display board in identified Mandis. • Provide information in Regional Language for easy understanding to common man. • Display the price information of Agri. commodities relevant to state.

  5. Agencies • Forward Market Commission (FMC) • Agmarknet (Spot, Modal and MSP Price provider) • National Commodity Exchanges • National Multi Commodity Exchange • Multi Commodity Exchange of India • National Commodity & Derivative Exchange • Indian Commodity Exchange • ACE Commodity Exchange • Vendors to be appointed by the Exchanges for implementation of the project.

  6. PRICE DISSEMINATION PROJECT • It is proposed to install 1000 Ticker Boards in various APMCs across the country before 31st March 2011. • The Ticker Boards would be 2 line ticker Board, so that the Spot Price Information of APMCs can also be displayed along with the Futures Price of National Exchanges. • The Project is funded by National Commodity Exchanges and the Govt. of India. • The total cost of each Ticker Boards is approx. Rs. 1 Lac.

  7. Ticker Board Specifications

  8. Network Diagram & Data Flow

  9. Project Implementation - Statewise Following states have been allocated to each Exchange for project Implementation :

  10. Benefits to Stake Holders • Benefits to farmers- • Best possible prices for the produce at that time • Better investment in improving farm productivity • Improved production and marketing decisions • Improved bargaining capacity of the farmers • Benefits to traders • Futures prices help to take buying and selling decisions in time • Benefits to exporters • Availability of futures prices in advance helps them quote a realistic price and thereby, secure export contracts in a competitive global market.

  11. Exchanges’ Responsibilities • Receiving of Real-time Spot & Future data from other two Exchanges & Spot data from AGMARKNET • Hardware & Network arrangement for data storing, compiling, processing & disseminating. • Development of remote & central site software as per project requirement. • Identification & appointment of vendor for project implementation. • Conducting awareness programmes

  12. APMC’s Responsibilities • Arrangement of infrastructure : • Sufficient space for installation of Display Board • power supply for display board • PC with Internet connectivity for sourcing & displaying of price information • Security and safeguarding. • Appoint single point of contact for the project. • Issue of No Objection Letter for entry purpose. • Monitoring and Reporting.

  13. Information/Infrastructure Needed from/at APMCs • The Commodities which are required to be displayed at above Mandis. • Mandi address along with contact details. • Proper location at Mandi for installation of ticker board (10 * 3 sq feet space). • Provisioning of  Power points at the location where Ticker Board has to be installed along with other administrative  assistance.

  14. Information/Infrastructure Needed from/at APMCs • PC with 256 MB RAM and Windows Operating System - Windows 2000 or above.  UPS power back up is desirable. • Internet connection with minimum 64 kbps. • Security of the Ticker Board should be taken care by concerned  Mandi. • A person may be identified at Mandi for regular reporting about the working of Ticker Board, and for the various operations like Switching the Board ON & OFF.

  15. THANKS

More Related