Commodity trade: From Ancient Clay Tablets to Modern Electronic Platforms

The commodity trading has witnessed transformative shifts over the centuries. Ancient Mesopotamian clay tablet contracts established the foundation for commodity derivatives. Historical developments, from Japan's Dojima Rice Exchange to Chicago's CBOT, shaped commodity markets. In modern India, trading occurs on electronic platforms of recognized exchanges, namely MCX, NCDEX, NSE and BSE. The Emergence of nation-wide electronic trading facilities offered by national-level exchanges and certain regulatory requirements led to the closure of smaller or commodity specific exchanges. Over a period, the market regulator, (earlier Forward Market Commission and now SEBI) introduced several measures from time to time to deepen and broaden the market.

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History comes alive. Watch an interesting discussion of Mr. Pratip Kar, SEBI‘s longest serving Executive Director with Ms. Latha Venkatesh of CNBC. It is a rare insider‘s account of SEBI‘s origin, its initial struggles, its battles against major market scams, lots of untold stories and a candid take on its landmark successes you don‘t want to miss.