Multi Commodity Exchange


Multi Commodity Exchange
"MCX" is also the roman numeral for 1110.
Multi Commodity Exchange
Type Private
Industry Business Services
Founded 2003
Headquarters Exchange Square, Suren Road, Chakala, Andheri (East), Mumbai, India
Key people Lamon Rutten, MD and CEO
Products Futures exchange
Revenue Rs 104.39 crore (2005–2006)
Website www.mcxindia.com

Multi Commodity Exchange (MCX) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. The turnover of the exchange for the fiscal year 2009 was US$ 1.24 trillion, and in terms of contracts traded, it was in 2009 the world's sixth largest commodity exchange. ([1]) MCX offers futures trading in bullion, ferrous and non-ferrous metals, energy, and a number of agricultural commodities (mentha oil, cardamom, potatoes, palm oil and others).

MCX has also set up in joint venture the MCX Stock Exchange. Earlier spin-offs from the company include the National Spot Exchange, an electronic spot exchange for bullion and agricultural commodities, and National Bulk Handling Corporation (NBHC) India's largest collateral management company which provides bulk storage and handling of agricultural products.

It is regulated by the Forward Markets Commission.

  • MCX is India's No. 1 commodity exchange with 83% market share in 2009
  • The exchange's main competitor is National Commodity & Derivatives Exchange Ltd ([2])
  • Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in futures trading ([3])
  • The highest traded item is gold.
  • MCX has several strategic alliances with leading exchanges across the globe
  • As of early 2010, the normal daily turnover of MCX was about US$ 6 to 8 billion
  • MCX now reaches out to about 800 cities and towns in India with the help of about 126,000 trading terminals
  • MCX COMDEX is India's first and only composite commodity futures price index


METAL BULLION
Aluminium, Copper, Lead, Nickel, Steel Long (Bhavnagar), Steel Long (Govindgarh), Steel Flat, Tin, Zinc Gold, Gold HNI, Gold M, i-gold, Silver, Silver HNI, Silver M
FIBER ENERGY
Cotton L Staple, Cotton M Staple, Cotton S Staple, Cotton Yarn, Kapas Brent Crude Oil, Crude Oil, Furnace Oil, Natural Gas, M. E. Sour Crude Oil, ATF, Electricity(Now delisted), Carbon Credit
SPICES PLANTATIONS
Cardamom, Jeera, Pepper, Red Chilli Arecanut, Cashew Kernel, Coffee (Robusta), Rubber
PULSES PETROCHEMICALS
Chana, Masur, Yellow Peas HDPE, Polypropylene(PP), PVC
OIL & OIL SEEDS
Castor Oil, Castor Seeds, Coconut Cake, Coconut Oil, Cotton Seed, Crude Palm Oil, Groundnut Oil, Kapasia Khalli, Mustard Oil, Mustard Seed (Jaipur), Mustard Seed (Sirsa), RBD Palmolein, Refined Soy Oil, Refined Sunflower Oil, Rice Bran DOC, Rice Bran Refined Oil, Sesame Seed, Soymeal, Soy Bean, Soy Seeds
CEREALS OTHERS
Maize, Barley Guargum, Guar Seed, Gurchaku, Mentha Oil, Potato (Agra), Potato (Tarkeshwar)

Contents

Key shareholders

Financial Technologies (I) Ltd., State Bank of India and its associates, National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Ltd. (NSE), Fid Fund (Mauritius) Ltd. - an affiliate of Fidelity International, Corporation Bank, Union Bank of India, Canara Bank, Bank of India, Bank of Baroda , HDFC Bank,, SBI Life Insurance Co. Ltd., ICICI ventures, IL & FS, Merrill Lynch, and New York Stock Exchange

Citations

References

External links


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