HEADLINES:  

Introduction

India's first ever listed exchange is Multi Commodity Exchange of India Limited (MCX) which is the state of the art Commodity Futures Exchange that enables online trading and clearing, and clearance of commodity future transactions and thereby providing a platform for efficient risk management. The Exchange started its operations in the month of November in the year 2003. It functions within the supervisory framework of the Forward Contracts (Regulation) Act that was enacted in the year 1952.

Multi Commodity Exchange deals with trading of mixed commodity future contracts across various segments including bullion, energy and agricultural, ferrous and non-ferrous metal commodities. The Exchange concentrates on providing commodity worth shackle participants with neutral, protected and clear trading mechanisms and framing quality constraints and trade guidelines in conformity with the supervisory framework.

Indices

The Exchange has a widespread national reach, with more than 2000 members and its operations through over 468,000 trading workstations. It spreads over 1900 cities and towns throughout India. Multi Commodity Exchange is India's top commodity futures exchange with a huge market share of around 81 per cent in terms of its value of commodity futures contracts transacted in the year 2014-15.

To simplify participation, the Exchange offers services such as calendar spread facility, which is also called as EFP abbreviated as Exchange of Futures for Physical transactions that allows participants to switch their positions in the futures or physical markets. The Exchange's flagship index called the MCXCOMDEX is a real time complex commodity futures price index that gives information on market activities of key commodities.

Other various commodity indices developed by the exchange includes MCXAgri, MCXEnergy, and MCXMetal. Multi Commodity Exchange has been given three ISO standard certificates that includes ISO 9001:2008 quality management standard, ISO 27001:2005 information security management standard and ISO 14001:2004 environment management standard.

Collaborations

With an objective to flawlessly mix with the global commodities environment, Multi Commodity Exchange has forged tactical alliances with various other leading international exchanges such as CME Group, The Baltic Exchange, London Metal Exchange (LME), Dalian Commodity Exchange (DCE) and Taiwan Futures Exchange (TAIFEX).

The Exchange has also tied-up with several other trade bodies, corporates, educational institutions and Research and Development centers across the country. This coalition allows the Exchange to improve trade practices, increase awareness, and facilitate its overall improvement of commodity futures market.

Technology

Multi Commodity Exchange's ability to use and apply the technology resourcefully is a key feature in the advance of its business. The exchange's technology agenda is intended to provide very high availability for all the critical components, which promises nonstop availability of trading facilities. The robust technology structure of the exchange, alongside with rapid customization and positioning capabilities allows it to function efficiently with much fast order routing, instant trade execution, trade recording, effective real time risk management, market observation and market data distribution.

The Exchange is dedicated to fostering communities that are important for the growth of its business. To achieve its goal of comprehensive growth, it has collaborated with varied list of partners. Gramin Suvidha Kendra which is a social inclusion program was initiated in partnership with India Post. The program seeks to improve farmers value realization from various agricultural activities.

Awards Earned

2013
2012
2012
2012
2012
2011
2011
2011
2010
2010
2010
2009
2008
2008
2008

The 'Best Commodity Exchange of the year' award by Global Cotton Conference

FinanceAsia awards MCX IPO as the 'Best Mid-cap Equity Deal' in the entire Asia-Pacific for 2012; 1st exchange in the Asia Pacific to receive this recognition

MCX's Gold Petal contract received the FOW award for 'the most innovative contract launch by an exchange' under the metals category

Conferred with the Best Commodity Exchange of the year award by the Bombay Bullion Association at the 9th India International Gold Conventions, held at Hyderabad

Conferred with the Business Superbrand award

Conferred with the Best Commodity Exchange of the year award by the Bombay Bullion Association at the 8th India International Gold Conventions, held at Kochi

Won the Indy's award under the category 'Best in Corporate Social Responsibility practices'

Conferred with the 'Financial Inclusion Award 2011' from the SKOCH Foundation

Received the 'Best Commodity Exchange of the Year' award from the Bombay Bullion Association

Conferred with the FICCI Socio Economic Development Foundation SEDF) Corporate Social Responsibility Award 2009-10

Received the NASSCOM Foundation Social Innovation Honours 2010

Received the 'Sankalp Award' for Agriculture and Rural Innovation

Received the 'Best Bullion Exchange of the Year' award from the Bombay Bullion Association

Recognised as 'India's First Green Exchange' by Priyadarshini Academy

Awarded the 'Golden Peacock Eco-innovation award 2008' by the Institute of Directors

Multi Commodity Exchange has been endlessly raising the benchmark through its effective research and product development, smart use of information and technology, innovations, alleged leadership and principled business conduct.

Indian Industries