MCX educates the commodity stakeholders in the cities of Madhya
Pradesh & Gujarat
· 12 seminars and awareness programmes jointly organized with
various trade and industry associations
· Programmes organized in Ahmedabad, Jamnagar, Kalol, Kadi,
Gandhinagar, Surat, Dewas, Depalpur, Jabalpur, & Indore
Despite the gradual growth of the commodity futures market
in India, Multi Commodity Exchange of India Ltd (MCX) has been making an
all-out effort to spread financial literacy and knowledge about commodity
derivatives across the country. Therefore, as part of that initiative, the
exchange organised 12 commodity awareness programmes in May in the cities and
towns of Madhya Pradesh and Gujarat.
These programmes were organized in association with various
trade and business associations such as Khad Bij Association, Depalpur;
Association of Industries, Dewas; Jabalpur Sarafa Association, South Gujarat
Productivity Council (SGPC), Surat; Jamnagar Branch of WIRC of ICAI,
Gandhinagar District Shopping Center Merchant Association to name a
few.
The programmes were customized keeping in mind the target
audiences which included, traders, producers, processors, jewelers, manufacturers,
professionals, and farmers. There were presentations on benefits of hedging,
role of commodity futures exchanges and importance of futures market as tool
for price discovery and price risk management, while focusing on trading
aspects, rules and by-laws of the exchange; and clearing and settlement
procedures, among others.
One of the reason attributed for the growth of commodity futures
market in India in the last few years has been the financial inclusion of a
rapidly growing number of small market participants. By partnering with these
associations, institutes and trade bodies of repute across the country
commodity exchanges such as MCX have been undertaking the challenge of
spreading literacy on commodity markets and demystifying commodity markets’
lexicon for commodity stakeholders. This is the key for creating new avenues of
growth in this sector thereby increasing market penetration.
Through these literacy initiatives, especially the ones
organized in the hinterlands of the country, MCX’s efforts are targeted towards
adding value to the livelihoods of small traders, SMEs, MSMEs and the farming
community. Thus, enabling them to take informed decisions, making the commodity
trading platform more relevant and accessible and take the benefits of commodity
markets to the masses through efficient, safe and secure ecosystem while
enhancing economic value for all stakeholders.
About 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 visit www.mcxindia.com.
For further details, contact:
Shivani Sharma
Manager -
Communications
Mobile: +91 98333 76243
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