Multi Commodity Exchange


Multi Commodity Exchange of India Ltd is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. It is India's largest commodity derivatives exchange where the clearance and settlements of the exchange happen and the turnover of the exchange for the quarter ended September 2018 was 1.78 billion rupees. MCX offers options trading in gold and futures trading in non-ferrous metals, bullion, energy, and a number of agricultural commodities.
In 2016, MCX was seventh among the global commodity exchanges in terms of the number of futures contracts trade, the latest yearly data from Futures Industry Association showed. In 2017 MCX partnered with Thomson Reuters to develop India’s first co-branded commodity index series, the iCOMDEX. iCOMDEX series consists of iCOMDEX Composite, iCOMDEX Base Metals, iCOMDEX Bullion, iCOMDEX Gold, iCOMDEX Copper and iCOMDEX Crude Oil. Recently, the exchange has set up a web-based application "ComRIS" in order to maintain an electronic record of commodities deposited at the Exchange accredited warehouses and ensure flow of real time information from the warehouses.
In February 2012, MCX had come out with a public issue of 6,427,378 It was the first-ever IPO by an Indian exchange and made MCX India’s only publicly listed exchange.
From 28 September 2015, MCX is being regulated by the Securities and Exchange Board of India. Earlier MCX was regulated by the Forward Markets Commission, which got merged with the SEBI on 28 September 2015.
Multi-Commodity Exchange appointed of Mrugank Paranjape as MD & CEO of the exchange on 29 February 2016 for a period of three years. Mrugank Paranjape has earlier working with Deutsche Bank for the last 14 years. Last he was heading DB Center of the bank.
Commodities traded include -
On circular dated June 19, 2019 by MCX, it is announced that they decided to not to launch any further contracts in
Crude Oil Mini Futures contract.
The existing Crude Oil Mini December 2019 contract expiring on December 18, 2019 would be the last contracts available for trading.
Mini Contracts in Future's contract is no longer available. MCX has delisted Aluminium MINI, LEAD MINI, ZINC MINI, COPPER MINI and NICKEL MINI.
Multi Commodity Exchange of India provides live feeds for all traded commodities and these are published on various websites like MoneyControl.com, Economictimes.Indiatimes.com,