Finance in India Finance & Investment, India iloveindia.comFinance in IndiaFinance & InvestmentInvesting in IndiaBombay Stock Exchange


Latest in Gadgets & Gizmos at Lifestyle Lounge




Multi Commodity Exchange (MCX) is an independent and de-mutulised exchange recognized by Government of India
Home : Finance : Encyclopedia : Multi Commodity Exchange (MCX)

Multi Commodity Exchange (MCX)

Multi Commodity Exchange (MCX) is an independent and de-mutulised exchange recognized by Government of India for facilitating online trading, clearing and settlement operations for commodity futures markets across the country.

Key shareholders of Multi Commodity Exchange include Financial Technologies (I) Ltd., State Bank of India & Associates, Fidelity International, National Stock Exchange of India Ltd. (NSE), National Bank for Agriculture and Rural Development (NABARD), HDFC Bank, SBI Life Insurance Co. Ltd., Union Bank of India, Canara Bank, Bank of India, Bank of Baroda and Corporation Bank.

Headquartered in Mumbai, MCX offers futures trading in Agri Commodities, Bullion, Ferrous & Non-ferrous metals, Pulses, Oils & Oilseeds, Energy, Plantations, Spices and other soft commodities.

MCX has strategic alliances with some of the largest players in commodities eco-system, namely, Bombay Bullion Association, Bombay Metal Exchange, Solvent Extractors' Association of India, Pulses Importers Association, Shetkari Sanghatana, United Planters Association of India and India Pepper and Spice Trade Association.

MCX offers spectacular growth opportunities and advantages to both the industry and exchange members.

Benefits include:
  • Hedging the price risk associated with futures contractual commitments.
  • Efficient price discovery prevents seasonal price volatility.
  • Facilitate informed lending.
  • Provide trading limit finance to traders in commodities exchanges.
  • Greater flexibility, certainty and transparency in procuring commodities aids bank lending.
  • Hedged positions of producers and processors reduce the risk of default faced by banks.










Finance

Copyright ©  iloveindia.com   All Rights Reserved.