Multi Commodity Exchange
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| Multi Commodity Exchange | |
|---|---|
| Type | Private |
| Founded | 2003 |
| Headquarters |  102 A, Landmark, Suren Road, Chakala, Andheri (East), Mumbai, India |
| Key people | Joseph Massey, MD & CEO |
| Industry | Business Services |
| Products | Options/Futures exchange |
| Revenue | Rs 104.39 crore (2005-2006) |
| Website | www.mcxindia.com |
Multi Commodity Exchange (MCX) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. It has an average daily turnover of around US$1.55 billion[citation needed]. MCX offers futures trading in Agricultural Commodities, Bullion, Ferrous & Non-ferrous metals, Pulses, Oils & Oilseeds, Energy, Plantations, Spices and other soft commodities.
MCX has also setup in joint venture the National Spot Exchange a purely agricultural commodity exchange and National Bulk Handling Corporation (NBHC) which provides bulk storage and handling of agricultural products.
[edit]
- The exchange's competitor is National Commodity & Derivatives Exchange Ltd ([1])
- With a growing share of 72%, MCX continues to be India's No. 1 commodity exchange ([2])
- Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in futures trading ([3])
- MCX has 10 strategic alliances with leading commodity exchange across the globe
- The average daily turnover of MCX is about US$ 2.2 billion ([4])
- MCX now reaches out to about 500 cities in India with the help of about 10,000 trading terminals
- MCX COMDEX is India's first and only composite commodity futures price index
As of 18th May, 2007
| METAL | BULLION |
|---|---|
| Aluminium, Copper, Lead, Nickel, Sponge Iron, Steel Long (Bhavnagar), Steel Long (Govindgarh), Steel Flat, Tin, Zinc | Gold, Gold HNI, Gold M, i-gold, Silver, Silver HNI, Silver M |
| FIBER | ENERGY |
| Cotton L Staple, Cotton M Staple, Cotton S Staple, Cotton Yarn, Kapas | Brent Crude Oil, Crude Oil, Furnace Oil, Natural Gas, M. E. Sour Crude Oil |
| SPICES | PLANTATIONS |
| Cardamom, Jeera, Pepper, Red Chilli | Arecanut, Cashew Kernel, Coffee (Robusta), Rubber |
| PULSES | PETROCHEMICALS |
| Chana, Masur, Yellow Peas | HDPE, Polypropylene(PP), PVC |
| OIL & OIL SEEDS | |
| Castor Oil, Castor Seeds, Coconut Cake, Coconut Oil, Cotton Seed, Crude Palm Oil, Groundnut Oil, Kapasia Khalli, Mustard Oil, Mustard Seed (Jaipur), Mustard Seed (Sirsa), RBD Palmolein, Refined Soy Oil, Refined Sunflower Oil, Rice Bran DOC, Rice Bran Refined Oil, Sesame Seed, Soymeal, Soy Bean, Soy Seeds | |
| CEREALS | OTHERS |
| Maize | Guargum, Guar Seed, Gurchaku, Mentha Oil, Potato (Agra), Potato (Tarkeshwar), Sugar M-30, Sugar S-30 |
[edit] Key shareholders
Financial Technologies (I) Ltd., State Bank of India and it's associates, National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Ltd. (NSE), Fid Fund (Mauritius) Ltd. - an affiliate of Fidelity International, Corporation Bank, Union Bank of India, Canara Bank, Bank of India, Bank of Baroda , HDFC Bank and SBI Life Insurance Co. Ltd., ICICI ventures, IL&FS, Meryll Lynch
