Multi Commodity Exchange

For the MCX coaxial connector, see MCX connector.

"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)

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

• MCX India homepage
• MCX Holidays MCX Trading Holidays 2011
• MCX goes live - The Hindu Business Line