MCX organizes awareness programmes in
Agartala (Tripura)
Programmes organized in
association with Tripura Chamber of Commerce & Industry and ICAI
Agartala (Tripura), April25, 2016:
In a bid to better
explain and educate the market participants and executives in Agartala about
the dynamics of commodity futures market in India, Multi Commodity Exchange of
India Ltd. (MCX) organized awareness programmes in the city last week. The
programmes were organized in association with Tripura Chamber of Commerce &
Industry, and Institute of Cost Accountants of India (Agartala Chapter)
respectively.
During the programmes, the participants
were made to understand about the fundamentals and aspects of commodity futures
in India. They were explained about the role played by commodity futures
exchanges such as MCX in facilitating price risk management and price discovery,
while also covering the entire array of policy, products, and procedures. Later,
there were brief sessions on clearing and settlement procedures, and risk
management, which are indubitably the most important and critical attributes
for successful functioning of commodity exchanges.
Mr. M. L Debnath, President, Tripura Chamber of Commerce & Industry said,
“Price risk management using commodity futures contracts is an effective way of
protecting ones margins. However, until recently not many people were aware of
it, and it was not being utilized to their benefits. Hence, it becomes important
to educate the market participants about the mechanics of futures trading in
commodities in order to gain detailed knowledge about the risk management tools
offered by commodity exchanges such as MCX.
Mr. S. N. Banerjee, Chairman, ICAI(Agartala Chapter)said, “The
hallmark of commodityexchanges such as MCX lies in the level of efficiency of
market mechanism, the maturity and the globally-competitive edge that they have
managed to build into them in a short span of time, because of which the Indian
commodity futures market has scaled the heights of global reckoning.”
Mr. Vibhor Tandon, Assistant Vice President-Business Development, MCX said
“These awareness programmes, conceived and designed by MCX are an attempt to create
young professionals by empowering the youth of North-Eastern India with basic
understanding of commodities at the grass root level and spread awareness to
aid development in the region, and surrounding areas.”
bout MCX:
Having
commenced operations on November 10, 2003, Multi Commodity Exchange of India
Limited (MCX) is India’s first listed, national-level, electronic, commodity
futures exchange with permanent recognition from the Government of India. MCX
offers the benefits of fair price discovery and price risk management to the
Indian commodity market ecosystem. Various commodities across segments are
traded on MCX.
These include bullion, energy, metals and agri commodities. The
exchange has forged strategic alliances with various international exchanges,
as well as Indian and international trade associations. For more information
about MCX and its products
For further
details, contact:
Shivani Sharma
Manager -
Communications
Mobile: +91 98333
76243
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