Thursday, 19 January 2017

MCX

Multi Commodity Exchange of India Ltd (MCX) BSE (534091) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. It is India's largest commodity futures exchange where the clearance and settlements of the exchange happens and the turnover of the exchange for the year 2015 was 55.52 trillion rupees (865.55 billion US dollars). MCX offers futures trading in bullion, non-ferrous metals, energy, and a number of agricultural commodities (mentha oil, cardamom, crude palm oil, cotton and others).
In 2015, MCX was sixth among the global commodity bourses in terms of the number of futures contracts traded, the latest yearly data from Futures Industry Association (FIA) showed.
In February 2012, MCX had come out with a public issue of 6,427,378 Equity Shares of Rs. 10 face value in price band of Rs. 860 to Rs. 1032 per equity share to raise around $134 million. It was the first ever IPO by an Indian exchange and made MCX India’s only publicly listed exchange.
From September 28, 2015, MCX is being regulated by the Securities and Exchange Board of India (SEBI). Earlier MCX was regulated by the Forward Markets Commission (FMC), which got merged with the SEBI on September 28, 2015.
Multi-Commodity Exchange appointed of Mrugank Paranjape as MD & CEO of the exchange on February 29, 2016 for a period of three years. Mrugank Paranjape has earlier working with Deutsche Bank for last 14 years. Last he was heading DB Center of the bank.[1]
  • MCX is India's No. 1 commodity exchange with 88.8% market share in quarter ended June 30, 2016
  • In 2015, the futures contracts on Gold, Silver, Copper, Crude Oil offered by MCX ranked among the top 20 global futures contracts in their respective segments (2015 FIA Annual Volume Survey).
  • MCX has several strategic alliances with leading exchanges across the globe
  • During the quarter ended June 30, 2016, the average daily turnover of MCX was 245.91 billion rupees (3.67 billion US dollars)
  • MCX now reaches out to more than 1700 cities and towns in India through more than 585,000 trading terminals (including CTCL) (as on March 31, 2016)
  • MCX COMDEX is India's first and only composite commodity futures price index
METAL
Aluminium, Aluminium Mini, Copper, Copper Mini, Lead, Lead Mini, Nickel, Nickel Mini, Zinc, Zinc Mini
BULLION
Gold, Gold Mini, Gold Guinea, Gold Petal, Gold Petal ( New Delhi) , Gold Global , Silver, Silver Mini, Silver Micro , Silver 1000
AGRO COMMODITIES
Cardamom, Cotton, Crude Palm Oil, Kapas, Mentha Oil
ENERGY
Brent Crude Oil, Crude Oil, Crude Oil Mini, Natural Gas

1 comment:

  1. That is really nice to hear. thank you for the update and good luck.
    Mcx free tips

    ReplyDelete