Multi Commodity Exchange is a commodity exchange based in Mumbai, the financial capital of India. The MCX is a demutualized electronic multi commodity futures exchange, and enables future trading of various agricultural and non-agricultural commodities such as Metals, Pulses, Oils, Fiber, Energy, Petrochemicals, Plantations, Cereals, Bullion and Spices etc. As of 31st of December, 2007, the exchange was offering futures trading in 55 different commodities. Established in November 2003 by Financial Technologies, the MCX holds a permanent recognition issued by the Government of India.
Key Attributes
Multi Commodity Exchange is said to be the most prominent commodity exchange in the country, and claimed 84% of the total commodity market share in the year 2008. Awarded with an ISO 9001:2000 accreditation for the quality standards maintained by it, MCX has partnered with ten renowned commodity exchanges of the world, including Tokyo Commodity Exchange, London Metal Exchange, Chicago Climate Exchange, New York Board of Trade, Bursa Malaysia Derivatives and New York Mercantile Exchange.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment