Multi Commodity Exchange of India

Multi Commodity Exchange of India is the most significant commodity exchange of the country. It carries out commodity futures trading of agricultural commodities, metals, fibers and petrochemical products.Multi Commodity Exchange of India came into existence in the year 2003.
This Mumbai based commodity exchange independently carries out commodity futures trading of different soft commodities and energy commodities. The commodities traded in Multi Commodity Exchange of India, include bullion, agricultural commodities like pulses, cereals, oilseeds, spices; ferrous, non-ferrous metals, fibers, plantations and petrochemical products.

In the commodity trading market in India, Multi Commodity Exchange mainly competes with National Commodity & Derivatives Exchange Limited. For several years, Multi Commodity Exchange of India has continued to hold the first position, among the commodity exchanges of India.
Not, only in India, but also in the world, Multi Commodity Exchange of India has got a reputation. At present, it is counted among the first three bullion exchanges of the world. It has also got a rank among the first four energy exchanges of the world.
Multi Commodity Exchange of India carries out significant clearing operations, settlement operations and on line trading operations of commodity futures market. For this reason, Multi Commodity Exchange of India has got permanent recognition from the Indian Government.

Multi Commodity Exchange of India has made strategic alliances with different commodity exchanges of the world. It has established National Bulk Handling Corporation, which offers bulk storage facilities for agricultural commodities. A commodity exchange, which trades only agricultural commodities, has been set up through a joint venture by Multi Commodity Exchange of India.

The main participants in the commodity trading process operated by Multi Commodity Exchange of India, are different sections of people like producers, traders, exporters, importers, industry associations and co-operatives.
The key shareholders of Multi Commodity Exchange of India are:
National Stock Exchange(NSE)
National Bank for Agriculture and Rural Development
Union Bank of India
Corporation Bank
Bank of India

 

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Last Updated on : 27th June 2013

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