The National Spot Exchange Limited (NSEL) on 16 September 2013 appointed Saji Cherian as the new Managing Director and Chief Executive Officer of the company. Before Saji Cherian the post was held by Anjani Sinha.
Saji Cherian was previously the head of Listing Issuer Services at MCX Stock Exchange (MCX-SX). He had also worked with Bombay Stock Exchange (BSE) as General Manager and at Madras Stock Exchange and Cochin Stock Exchange as Executive Director.
About National Spot Exchange Limited (NSEL)
- National Spot Exchange Limited (NSEL) is the national level, institutionalized, electronic, transparent spot trading platform for commodities.
- It is a structured market place, set-up to transform the commodity market by way of reducing the cost of intermediation and thereby improving marketing efficiency. Its state-of-the-art technology facilitates risk free and hassle free purchase and sale of various commodities.
- NSEL provides customized solution to farmers, traders, processors, exporters, importers, arbitrageurs, investors and other stakeholders pertaining to commodity procurement, storage, marketing, warehouse receipt financing, etc.
- NSEL commenced Live trading on 15 October 2008. At present, NSEL is operational in 16 States in India, providing delivery-based spot trading in 52 commodities.