Inaugurated on November 10, 2003, the Multi Commodity As of March 31, 2008, a total
of 56 commodities are traded on MCX,
Exchange of India Ltd (MCX) is a demutualised commodity which recorded an average daily turnover of over Rs. 10,283 crore in exchange with permanent recognition from the Government of fiscal 2007-08. Our total trading turnover during this financial year India to facilitate online trading, clearing and settlement operations was Rs. 3,125,959.10 crore, which worked out to a market share of for commodity futures markets across the country. 77% in terms of the total value of trades on all domestic commodity exchanges. Among the world’s top 10 commodity exchanges, MCX ranks no. 1 in silver, no. 2 in natural gas, and no. 3 in gold, crude oil, and copper For domestic commodities with large deliverables, MCX's futures trading in terms of number of contracts traded in 2007, transparent electronic platform enables anonymous trades leading according to data published in the respective websites of such to efficient price discovery. exchanges. In addition to being accredited with ISO 9001:2000 for quality standards, MCX also has the distinction of achieving the ISO For globally-traded commodities, MCX's platform enables domestic 27001:2005 certification, the global benchmark for information participants to trade in these commodities in Indian currency. Also, security management systems. MCX's extended evening trade facility leverages India's strategic position between the time zones of Japan and the West to enable MCX launched India's first real-time composite commodity futures domestic participants to take positions on the basis of price index: COMDEX. This index encompasses futures contracts drawn movements in the international commodity exchanges. on commodity segments such as metals, energy and agricultural products traded on MCX. We have also launched several other indices including: MCX-Agri (agricultural commodities index), MCX- Energy (energy commodities index), MCX-Metal (metal commodities index). We have also launched weather indices -- RAINDEXMUM (Mumbai), RAINDEXIND (Indore), and RAINDEXJAI (Jaipur) -- which track the progress of monsoon in the respective geographic locations. Through our alliances with global commodity exchanges, e.g., New York Mercantile Exchange (NYMEX), London Metal Exchange (LME), Tokyo Commodity Exchange (TOCOM), LIFFE Administration and Management, Chicago Climate Exchange (CCX), and Bursa Malaysia