Multi Commodity Exchange of India Limited
Company overview
Multi Commodity Exchange of India Limited (MCX) is a leading commodity exchange company in India, offering a wide range of products and services for trading in commodity futures. Established in 2003, MCX facilitates online trading, clearing, and settlement operations for commodity derivatives markets across the country.
The company provides a platform for trading in various commodities such as gold, silver, crude oil, natural gas, copper, zinc, lead, nickel, aluminum, cotton, mentha oil and more. It also offers trade options like agricultural commodities including wheat and paddy among others.
One of the key factors that make MCX stand out from its competitors is its widespread network which covers over 2 lakh terminals across nearly 1400 cities through around 10000 members while maintaining high standards of integrity and professionalism. The exchange operates within a robust regulatory framework under the oversight of SEBI (Securities & Exchange Board of India).
In terms of technology innovation , MCX has been at the forefront by introducing electronic spot exchanges with greater transparency to improve efficiency in price discovery mechanisms; this includes integration with blockchain technology to enhance security measures further.
The company has collaborated with several international exchanges like CME Group Inc., ICE Futures Europe etc., to offer an array of global benchmark products on its platform providing access to Indian market participants
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