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JRG adds to commodity trading centres

SULTHAN BATHERY, WAYANAD: JRG, one of the leading brokerage houses for share and commodity trading, started its 54th fullfledged Commodity Trading Centre here on Tuesday. Kailash Gupta, managing director of National Multi-Commodity Exchange (NMCE) of India, Ahmedabad, inaugurated the centre. Speaking on the occasion, Mr. Gupta said on-line trading would bring down the cost of trading.

Also, there was no case of complaint in the on-line trading. He said the NMCE was also trying to bring down the cost incurred while transporting commodities. He also announced that the Central Warehousing Corporation (CWC) in Kozhikode as one of the delivery points for commodities for the convenience of the centre here. V. Kannan, regional manager, CWC, said the corporation would protect the interests of buyers. JRG managing director, Giby Mathew, said the system had also helped regularise the price of commodities. - Our Staff Reporter

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