Search results
People also ask
What is the Multi Commodity Exchange (MCX)?
When did MCX start trading?
What commodities are traded on MCX?
When did MCX start trading in Mumbai?
MCX was among the top global commodity exchanges in terms of the number of futures contracts trade, the latest yearly data from Futures Industry Association (FIA) showed. MCX launched the MCX India Commodity Indices (MCX iCOMDEX) series on December 20, 2019, which conform to the global best practices set by the International Organisation of ...
- Background
- Trouble at Mcx
- Business Model and Product Development
- Key People
- History
The MCX was launched in November 2003 by Financial Technologies (India) Ltd (FTIL), a financial services software firm which secured one of the four licenses offered when the Indian government ended a longstanding ban on commodities exchanges in 2002. It has since grown more rapidly than its two main domestic rivals, National Multi-Commodity Exchan...
In December of 2013, the board of MCX asked Financial Technologies of India to cut its holding in the exchange from 26 percent to 2 percent after India's regulator, Forward Markets Commission, said it was unfit to own a controlling stake. The move by the regulator stemmed from a payment default by an MCX subsidiary called the National Spot Exchange...
The MCX operates its own clearinghouse and had 1,381 members at March 31, 2007, introducing a fourth membership class in October 2007. The MCX listed futures in 58 commodities as of Nov. 14, 2007, focused on metals, energy and agricultural products. In terms of the number of contracts traded, MCX claims to rank no. 1 in silver, no. 2 in gold and no...
On June 1, 2010, MCX launched the lead mini futures contract. The contract mirrors the full-sized 5-ton lead futures contract, but is sized at 1 ton.
- 2003
- P.S. Reddy, Managing Director and CEO
- Mumbai, India
- Commodity derivatives contracts
2020 -MCX launches futures trading in natural rubber. -MCX launches futures trading on MCX METLDEX, Indias first real-time Base Metal Index. -MCX BULLDEX futures clocks record...
Nov 30, 2020 · 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, MCX has established itself as one of the world’s busiest commodity exchanges in a short period of time.
SHARE. What is MCX Trading? 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).
Aug 2, 2024 · In 2013, MCX launched the MCX-SX, a full-fledged multi-asset stock exchange, offering trading in equities, futures and options, currency derivatives, and interest rate futures. This marked a significant expansion of MCX's offerings, making it a comprehensive trading platform.
Jul 13, 2021 · Multi Commodity Exchange of India Ltd (MCX) provides a platform to facilitate the online trading of commodity derivatives in our country. It started operations in 2003 and is regulated by the Securities and Exchange Board of India (SEBI).
