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Ever tried trading in commodities; try MCX

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Ever tried trading in commodities; try MCX
If you ever wondered where to trade in natural gas, crude oil, gold or silver - than the only obvious choice is MCX.

Multi Commodity Exchange (MCX) is a independent commodity exchange. It is a online trading commodity exchange of India which is regulated by the Forward Markets Commission.

 

MCX is the world's 3 largest commodity futures exchange. MCX ranks first globally in terms of silver trading by volume, second for gold, copper and natural gas, third for crude oil and fifth in terms of overall traded ‘futures' volume. 95% of the business is generated from metals (bullion and base metals) and energy commodities.

 

MCX holds a market share of over 85%* (as on March 31, 2012 MCX had a market share of 86%) of the Indian commodity futures market. MCX offers more than 40 commodities across various segments like bullion, ferrous and non-ferrous metals, energy, and a number of agri-commodities on its platform.

MCX is promoted by Financial Technologies (I) Ltd, SBI, Fidelity International, NSE, NABARD, HDFC Bk, SBI Life Insurance Co., Union Bank of India, Canara Bk, Bank of India, Bank of Baroda and Corporation Bank.

On March 9, 2012 MCX became the first Indian exchange to get listed. The listing has enabled MCX to join the elite group of listed exchanges such as NASDAQ, NYSE Euronext, ICE, CME Group and SGX, among others.

In June 2005, MCX launched MCXCOMDEX, India's first real time composite commodity futures index, which provides our members with valuable information regarding market movements in the key commodities, as determined by physical market size in India, which are actively traded on our Exchange.

Millions of small & medium enterprises, corporates, traders and, more importantly, small-holders, have benefitted from this electronic commodity trading platform for price discovery and price-risk management.

MCX has tied-up with India Post to disseminate market information through Gramin Suvidha Kendras, to overcome barriers of infrastructure and geography.

MCX has signed agreements with a large number of corporates to support and channel their products and services through the Gramin Suvidha Kendras, thus creating a sustainable and comprehensive rural development programme.

GoodReturns.in

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