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Independent commodity exchange in India
- Multi Commodity Exchange, or MCX, is an independent commodity exchange in India that makes it easier for people to trade, clear, and settle transactions involving a variety of commodities online. Although it only began trading in 2003, it has rapidly grown to become one of the largest commodity derivatives exchanges globally.
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Multi Commodity Exchange of India (MCX) is a commodity exchange based in India. It was established in 2003 by the Government of India and is currently based in Mumbai. It is India's largest commodity derivatives exchange.
- What Is The Multi Commodity Exchange?
- What Can You Trade on The MCX?
- How Is Mcx Regulated?
- History of The Multi Commodity Exchange
- Multi Commodity Exchange Membership Types
- How to Start Trading Commodities
- Further Reading
The Multi Commodity Exchange, widely known as MCX, was founded in 2003 as India’s first listed exchange. Set up to harness the country’s rapidly growing economic power, MCXhas established itself as one of the world’s busiest commodity exchanges in a short period of time.
Though primarily concentrating on metal commodities and energy commodities, the Multi Commodity Exchange hosts trading in a wide range of products, many of them newer commodities reflective of India’s growing economic power. Commodity tradingin India is helping to power the transformation of the country into a multi-faceted modern economy, and the ...
MCX operates under the regulatory framework of the Securities and Exchange Board of India(SEBI). The basic functions of the SEBI are to “protect the interests of investors in securities and to promote the development of, and to regulate the securities market” in India. Furthermore, MCX has pledged to enforce a zero-tolerance policy toward unethical...
The Multi Commodity Exchange was founded in 2003 by Financial Technologies (India) Ltd., with the aim of becoming India’s primary commodity exchange. Not only has it succeeded in this aim – at recent estimates commanding 80% of India’s futures market – but it has also become one of the world’s most successful exchanges. Recent figures show that it ...
There are four types of membership of the Multi Commodity Exchange, each having their own specific rights and responsibilities.
Alternatively, traders in can open an account at one of these regulated brokerage firms to trade derivatives like CFDs and options based on commodities. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74%-89% of retail investor accounts lose money when trading CFDs.You should consider whether ...
Learn about more of the world’s largest exchanges including the Intercontinental Exchange (ICE), the Zhengzhou Commodity Exchange (ZCE), the Tokyo Commodity Exchange, and the Brasil Bolsa Balcão.For an introduction to trading in general, see our detailed guide on commodity trading.Take a look at our guides on stock, CFD, and commodity brokers to find out which online trading platforms are available in .MCX full form is Multi Commodity Exchange of India Limited. It is India’s first commodity derivatives exchange, allowing online commodity derivatives trading. MCX began operating in 2003 and is governed by the Securities and Exchange Board of India (SEBI).
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Jan 31, 2024 · The Multi Commodity Exchange of India Limited, or MCX, is the country's first exchange dedicated to commodity derivatives. It was established in the year 2003 and regulated by SEBI, it operates similarly to the Bombay Stock Exchange and National Stock Exchange.
The MCX (Multi Commodity Exchange of India) commands a substantial 60% market share in India’s commodity futures trading. It offers futures contracts across various categories: Agricultural Products: Includes Rice, Wheat, Soybean Oil, Soybean Meal, Cotton, Natural Gas, Crude Oil, and Gold.
The Multi Commodity Exchange of India Limited (MCX) is a trading platform for numerous commodities, such as gold, silver, wheat, rice, cotton, and sugar, as well as futures contracts. By turnover, it is India’s second-largest exchange. Trading in commodities is the main activity of the Multi Commodity Exchange (MCX).
