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Mumbai, Feb 1 : The National Commodity and Derivatives Exchange (NCDEX) on Wednesday launched SMS alert service, which will be useful for members, traders, investors and farmers to monitor market prices of commodities.
The service would help subscribers avail of product prices and major market developments in configured alerts form through SMS to their cell-phones, a release said.
The data would also consist of spot commodity market prices that could enable specific commodity traders to trade at uniform prices.
“The ready availability of crucial information helps the subscribers to take prompt and well informed decisions enabling them to undertake more transactions and increase their profits,” it added.
Spot prices on commodities at various markets will help traders and farmers to appropriately adjust their prices. For instance, jewellers across the country may sell gold at the current market price.
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