I am writing from the National Commodity Exchange Limited. I read the article "Pakistan Exchange traded Derivatives" that appeared on page 16 of BR on 31st January 2011. I must say it was an interesting piece with a detailed overview of the market. I would also like to point out one thing that although the writer has covered the various Future Products in her article from equities to Mutual funds, she has not mentioned the futures products that are offered on the Commodity Exchange.
As you must be aware that National Commodity Exchange (NCEL) is Pakistan's first and only commodity and futures exchange which is licensed and regulated by the Securities and Exchange Commission of Pakistan. It is also the first and only demutualized exchange with 100 percent institutional shareholding. I would like to point out that the growth of the Commodities market has been at an exponential speed in Pakistan.
NCEL has reflected remarkable growth this year with total traded volumes of approx Rs 185 billion in 2010. The total volume in 2009 was Rs 28 billion which translates into an increase of 660% in traded volumes over last year. This growth is achieved as more and more institutional and retail investors turn towards the commodity markets.
I hope that going forward you will also cover the commodity markets especially with reference to the derivatives futures trading. If you require we will be happy to speak with the author and also provide her a brief on the Commodity Exchange's progress over the last few years. I look forward to working together in the future.