NDEX starts live trade, CNI to adopt ‘no work, no pay’

January 6, 2010
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Nepal Derivative Exchange Ltd (NDEX) has on Monday ventured into live trade of four commodities – gold, silver, crude oil and copper.

NDEX is an electronic commodity and derivative market which provides online platform for traders to buy and sell commodities and derivatives efficiently and at a justified price.

NDEX aims to facilitate trading in commodities, metals, energies and currencies. Around 20 commodity brokers are said to be associated with the exchange.

Meanwhile, the Confederation of Nepalese Industries (CNI) has decided to comply with a ‘no work, no pay’ provision during strikes and blockades caused by workers.

According to it, the entrepreneurs will not pay for the day when workers are absent from work. nepalnews.com