NATIONAL BOARD OF TRADE LIMITED (NBOT) is incorporated on July 30,1999 to offer integrated, state-of-the-art commodity futures exchange. The Board of directors, adorned by a galaxy of the most respectful personalities drawn from different categories of trade and commerce has been giving necessary impetus and thrust for setting up of the exchange and provide guidance for its proper functioning.NBOT has been set up to strengthen the move towards professionalism in the commodities market and to provide nation-wide trading facilities to market players in tune with the international standards. NBOT will soon introduce screen based trading system which will bring in more efficiency, integrity and transparency in the market.

NBOT has been recognised by the Government of India to organise futures trading in Soybean, its oil and meal and Mustardseed / Rapeseed, its oil and cake.

"NBOT shall be a catalyst for the development of the Indian Oilseeds growers, trade and industry by providing the cost effective and efficient services. In being so, NBOT's sphere of action will synergise and naturally identify with the interests of NBOT members, the investors, the industry and above all, the country. In all that we do, we will be fair, professional and pre-eminent.

"To achieve high distinction in integrity for pricing, risk management and investment to build an  internationally acclaimed innovative Commodity Exchange in India".

Futures Exchange helps to achieve dual economic purposes : PRICE DISCOVERY and 
The introduction of futures trading with the ability to buy and sell commodities for future delivery helps make the price less volatile and, of course, realistic in comparison to the cash market prices. Moreover, futures contract is a commitment to make or take delivery of a specific quantity and quality of a given commodity at a predetermined place and time in future with all terms of contracts standardized excepting the price which is determined by the market forces.
Volatile trend in the price movement of oilseeds and their derivatives often has a telling effect on the performance of the processors, growers and other intermediaries. Futures Exchange tends to achieve a rational for price discovery and data dissemination on real-time basis which improves hedging by minimizing speculative risk.