Mr. P. K. Singhal, Joint Managing Director, MCX said, ''As the year draws to a close, it is time to rejoice on our achievements and reflect on our areas of growth. During the first 11 months of 2015, MCX clocked an average daily turnover of Rs 21,687 crore, as against Rs 19,418 crore for the same period last year, an increase of about 11.7%, while the market share went up from 81.4% to 84.2%.
This feat has been achieved despite several odds: commodity prices have fallen steeply—from natural gas (42%) and crude oil (34%) to base metals like nickel (41%) and zinc (25%); moreover, the import policy and duty structure of bullion has also affected trading in bullion contracts.
The increase in turnover despite these odds underlines, once again, the robustness of the MCX platform as a risk management platform. In the coming year, under the able supervision of the SEBI, we hope to introduce new products and services to meet the
evolving risk management needs of a fast-growing economy.
MCX has had a number of achievements in 2015. On January 06, 2015, it launched a crude oil mini contract, facilitating price risk management for the SMEs, and physical market participants. We entered into an MoU with CME Group (the world's leading and
most diverse derivatives marketplace) on July 21, 2015, contemplating a number of new initiatives, including setting up of an exchange, a clearing corporation, and trade repository services at the International Finance Service Center (IFSC) in India, wider
cooperation in the future and option contracts, joint product development, and marketing and customer education.
MCX has been partnering with educational institutions for spread of financial literacy in the commodity ecosystem. MoUs with 8 educational institutions have been signed this year, with the latest being Chitkara University, Chandigarh, on December 9, 2015.
MCX was honoured with the 'Exchange of the Year for Investors Education and Awareness Award' by the Commodity Participants
Association of India on 30 May and 'Best Commodity Exchange Award' at the India International Bullion Summit on 01 Dec 2015.
Warm wishes for a Happy New Year"
From MCX News letter Jan 2016
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