Multi_commodity_exchange, Multi_commodity_exchange Information, Multi_commodity


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For the MCX coaxial connector, see MCX connector.

Multi Commodity Exchange
Type	Private
Founded	2003
Headquarters	102 A, Landmark, Suren Road, Chakala, Andheri (East), Mumbai, India
Key people	Jignesh Shah, CEO
Industry	Business Services
Products	Options/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. It has an average daily turnover of around US$1.55 billion^{[citation needed]}. MCX offers futures trading in Agricultural Commodities, Bullion, Ferrous & Non-ferrous metals, Pulses, Oils & Oilseeds, Energy, Plantations, Spices and other soft commodities.

MCX has also setup in joint venture the National Spot Exchange a purely agricultural commodity exchange and National Bulk Handling Corporation (NBHC) which provides bulk storage and handling of agricultural products.

MCX in association with Welingkar Institute of Management has setup a course called "Diploma in Commodities Market".

The exchange\'s competitor is National Commodity & Derivatives Exchange Ltd ([1])
With a growing share of 72%, MCX continues to be India\'s No. 1 commodity exchange ([2])
Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in futures trading ([3])
MCX has 10 strategic alliances with leading commodity exchange across the globe
The average daily turnover of MCX is about US$ 2.2 billion ([4])
MCX now reaches out to about 500 cities in India with the help of about 10,000 trading terminals
MCX COMDEX is India\'s first and only composite commodity futures price index

As of 18th May, 2007

METAL	BULLION
Aluminium, Copper, Lead, Nickel, Sponge Iron, 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
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	Guargum, Guar Seed, Gurchaku, Mentha Oil, Potato (Agra), Potato (Tarkeshwar), Sugar M-30, Sugar S-30

Key shareholders

Financial Technologies (I) Ltd., State Bank of India and it\'s 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 and SBI Life Insurance Co. Ltd.

External links

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