The new site will facilitate by covering global operations through an existing site comdaq.net and the domestic operations through another existing site comdaindia.net.

Comdaqindia.net offers producers and end-users of the commodities covered by it an opportunity to create more open and transparent markets with more efficient price setting and simpler processes than those that typically prevail in traditional methods of trading.

These improvements have the potential to lead to reduced costs and a more effective market. This will also lead to the expansion of the market for trading, to include end-users who have hitherto been unable to access such a market and who have therefore relied on distributors for supply of commodities. The site is a virtual market place where buyers and sellers of specific commodities can post invitations or offers to trade and can negotiate online.