Multi Commodity Exchange is a commodity exchange based in Mumbai, the financial capital of India. The MCX is a demutualized electronic multi commodity futures exchange, and enables future trading of various agricultural and non-agricultural commodities such as Metals, Pulses, Oils, Fiber, Energy, Petrochemicals, Plantations, Cereals, Bullion and Spices etc. As of 31st of December, 2007, the exchange was offering futures trading in 55 different commodities. Established in November 2003 by Financial Technologies, the MCX holds a permanent recognition issued by the Government of India.
Multi Commodity Exchange is said to be the most prominent commodity
exchange in the country, and claimed 84% of the total commodity market
share in the year 2008. Awarded with an ISO 9001:2000 accreditation for
the quality standards maintained by it, MCX has partnered with ten
renowned commodity exchanges of the world, including Tokyo Commodity
Exchange, London Metal Exchange, Chicago Climate Exchange, New York
Board of Trade, Bursa Malaysia Derivatives and New York Mercantile
In terms of futures trading on a global level, Multi Commodity Exchange
reportedly holds the 1st rank in the trading of Silver, 2nd rank in
Natural Gas and 3rd rank in Crude Oil and Gold commodities.
Gold is the highest traded commodity upon the MCX and the average
monthly turnover of Gold trading was around US$ 29 Billion as of May
2007, while the average daily turnover of the exchange was about US$ 2.4
Facing a competition from National Commodity & Derivatives Exchange
Ltd. (NCDEX), Multi Commodity Exchange has a network of around 10,000
trading terminals spread across 500 cities nationwide. The exchange also
brings MCX COMDEX, which happens to be the only composite commodity
futures price index existing in India.
Apart from playing a vital role in offering futures trading services to
its customers nationwide, Multi Commodity Exchange also fulfills its
social responsibilities, and duly follows its Corporate Social
Opportunities (CSO) program. Under the CSO program, MCX has taken a
number of initiatives for various social causes. These initiatives
include a Gramin Suvidha Kendra (GSK), a Public Private Partnership
(PPP) project in collaboration with India Post, and Pragati which is a
project in partnership with Rotary International. Apart from it, MCX has
also partnered with various non-profit entities such as M S Swaminathan
Research Foundation, Tata Energy Research Institute (TERI) and Indian
Society for Agribusiness Professionals (ISAP), to recognize its social
responsibilities in an active way.
Multi Commodity Exchange of India Ltd.
Suren Road, Andheri East,
Mumbai - 400093, India.
Tel. No. 6731 8888.
Fax: 022 66494151
Email: [email protected]