Multi Commodity Exchange of India Ltd (MCX) is a state-of-the-art electronic commodity futures exchange. Headquartered in Mumbai, The demutualised Exchange set up by Financial Technologies (India) Ltd (FTIL) has permanent recognition from the Government of India to facilitate online trading, and clearing and settlement operations for commodity futures across the country.
1.80 lakh trading terminals..!
Having started operations in November 2003, today (2011, September), MCX holds a market share of over 80% of the Indian commodity futures market, and has more than 2100 registered members operating through over 1.80 lakh trading terminals, across India.
The Exchange was the sixth largest commodity futures exchange in the world, in terms of the number of contracts traded in 2010.
40 commodities
MCX offers more than 40 commodities across various segments such as bullion, ferrous and non-ferrous metals, energy, weather and a number of agri-commodities on its platform. The Exchange is the world's largest exchange in Silver, the second largest in Gold, Copper and Natural Gas and the third largest in Crude Oil futures, with respect to the number of futures contracts traded.
The Exchange strives to be at the forefront of developments in the commodities futures industry and has forged strategic alliances with various leading International Exchanges, including London Metal Exchange (LME), New York Mercantile Exchange, Shanghai Futures Exchange (SHFE), LIFFE Administration and Management , Baltic Exchange Limited (BEL), Taiwan Futures Exchange ( TAIFEX), among others. For MCX, staying connected to the grassroots is imperative. Its domestic alliances aid in improving ethical standards and providing services and facilities for overall improvement of the commodity futures market.
MCX has been certified to three ISO standards including ISO 9001:2008 Quality Management System standard, ISO 14001:2004 Environmental Management System standard and ISO 27001:2005 Information Security Management System standard. The Exchange’s platform enables anonymous trades, leading to efficient price discovery. Moreover, for globally-traded commodities, MCX’s platform enables domestic participants to trade in Indian currency.
Key shareholders..!
MCX promoted by FTIL, MCX enjoys the confidence of blue chips in the Indian and international financial sectors. MCX's broad-based strategic equity partners include State Bank of India and its associates (SBI), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Ltd (NSE), SBI Life Insurance Co Ltd, Bank of India (BOI) , Bank of Baroda (BOB), Union Bank of India, Corporation Bank, Canara Bank, HDFC Bank, Fid Fund (Mauritius) Ltd. - an affiliate of Fidelity International, Merrill Lynch, Euronext N.V. and others.
MCX's world ranking
No.1 in Silver
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No.2 in Gold, Copper & Natural Gas and
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No.3 in Crude Oil
in terms of number of futures contracts traded in 2011
Key Milestones of MCX
March 15, 2011 MCX recorded its highest daily turnover since inception of Rs. 718.76 billion
October 20, 2010 MCXobtains renewal of its ISO 9001:2008 certification from Bureau Veritas Certification (India)
June 7, 2010 MCX signed an MoU with Shanghai Futures Exchange
December 3, 2009 MCX is the sixth largest commodity futures exchange globally in terms of the number of contracts traded on the exchange for the period January to June 2009
November 30, 2009 MCX launched “Exchange of Futures for Physicals” (EFP) transactions
October 14, 2009 MCX released India’s first Yearbook on Indian Commodity Ecosystem in collaboration with PricewaterhouseCoopers
July 18, 2008 Launch of the Gujarati and Hindi version of website mcxindia.com by our Company
June 9, 2008 Launch of futures in CER (Certified Emission Reduction) by our Company
June 3, 2008 MCX was granted membership to the International Organisation of Securities Commissions (“IOSCO”)
May 23, 2007 MCX obtained ISO/IEC 27001: 2005 certification
July 24, 2006 MCX signed an agreement with Euronext.LIFFE
June 12, 2006 MCX teamed up with the Department of Posts, Government of India, to launch Gramin Suvidha Kendra in Jalgaon, Maharashtra, for information dissemination and query redressal on agricultural issues to farmers using the Indian postal network
June 5, 2006 MCX signed a license agreement with NYMEX
December 1, 2005 MCX entered into a MoU with the University of Mumbai for creating a chair in its department of economics
October 25, 2005 MCX entered into a license agreement with London Metal Exchange (“LME”) for the use of the LME’s official prices as the basis for settlement of certain futures contracts
June 14, 2005 ‘Commodity Suchana Kendra’, a joint initiative between our Company, Maharashtra State Agricultural Marketing Board (“MSAMB”) and NSEAP to link up all Agriculture Produce Market Committee (“APMC”) markets, was launched at the Agriculture Produce Market Committee, Navi Mumbai
June 7, 2005 Launch of composite commodity futures index (‘MCX-COMDEX’) by MCX
November 29, 2004 MoU entered into between FTIL and NAFED to create a national level agricultural spot exchange
December 8, 2003 Online futures trading during evening session and through Internet trading facilities was pioneered
November 10, 2003 First day of trading for MCX
September 26, 2003 MCX received permanent recognition from the Ministry of Consumer Affairs, Food and Public Distribution, Government of India
May 28, 2002 MCX was converted into a public limited company and our Company’s name was changed to Multi Commodity Exchange of India Limited
Awards & Recognition
2011 MCX received the “Financial Inclusion Award 2011” from the SKOCH Foundation
2010 MCX received the “Best Commodity Exchange of the Year” award from the Bombay Bullion Association
2010 MCX received the FICCI Socio Economic Development Foundation (SEDF) Corporate Social Responsibility Award 2009-10
2010 MCX received the NASSCOM Foundation Social Innovation Honours 2010
2009 MCX received the “Sankalp Award” for Agriculture and Rural Innovation
2008 MCX received the “Best Bullion Exchange of the Year” award from the Bombay Bullion Association
2008 MCX was recognized as “India’s First Green Exchange” by Priyadarshini Academy
2008 MCX was awarded the “Golden Peacock Eco-innovation award 2008” by the Institute of Directors
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