NCDEX e-Markets Limited (NeML, Formerly NCDEX Spot Exchange-NSPOT) is the leading Indian electronic web based, online, commodities spot market and services company. It combines best features of financial markets and spot markets. Incorporated in October 18 2006, NeML is a wholly owned subsidiary of NCDEX (majority owned by LIC, NABARD, IFFCO, PNB, Canara Bank, NSE). NCDEX is India’s largest Agricultural commodity exchange with more than 90% market share.
With a national presence, the company has pioneered breakthrough initiatives like Mandi Modernization Program (MMP), e-Pledge, and e-marketing. The Emissions Trading Scheme (ETS) trading platform is hosted and operated by NeML.