How to Draw Plan for Investment
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| Type | Commodity Commutation |
|---|---|
| Traded every bit | BSE: 534091 |
| Industry | Commodity Exchange |
| Founded | x Nov. 2003 |
| Headquarters | Bombay, India |
| Central people |
|
| Products | Commodity Derivatives |
| Possessor | [[]] , [[]] |
| Website | world wide web.mcxindia.com |
Multi Article Commutation of India Ltd (MCX) (BSE: 534091) is a commodity exchange based in India. Information technology is under the ownership of Ministry of Finance , Government of Republic of india. It was established in 2003 by the Government of Bharat and is currently based in Mumbai . Information technology is Republic of india'southward largest commodity derivatives commutation. The average daily turnover of commodity futures contracts increased by 26% to ₹32,424 crore during FY2019-20, as against ₹25,648 crore in FY2018-19. The total turnover of commodity futures traded on the Exchange stood at ₹83.98 lakh crore in FY2019-xx. MCX offers options trading in gold and futures trading in not-ferrous metals, bullion, free energy, and a number of agricultural bolt (mentha oil, cardamom, crude palm oil, cotton, and others).
MCX was amidst the summit global commodity exchanges in terms of the number of futures contracts trade, the latest yearly data from Futures Industry Clan (FIA) showed. MCX launched the MCX India Commodity Indices (MCX iCOMDEX) series on December xx, 2019, which conform to the global best practices set by the International Organisation of Securities Commissions (IOSCO). iCOMDEX series consists of iCOMDEX Blended, iCOMDEX Base Metals, iCOMDEX Bullion, iCOMDEX Aureate, iCOMDEX Copper and iCOMDEX Crude Oil. Subsequently, MCX received regulatory approval for launch of futures contracts on MCX iCOMDEX Bullion and Base Metallic indices. The exchange also gear up a web-based application "ComRIS" (Commodity Receipts Information System) in order to maintain an electronic tape of commodities deposited at the Substitution accredited warehouses and ensure menstruum of real time information from the warehouses.
SEBI issued operational guidelines for participation of Mutual Funds and Portfolio Managers in commodity derivatives in May 2019 and subsequently, approved few custodial service providers as custodians in the commodity space.
In February 2012, MCX had come out with a public event of half-dozen,427,378 Equity Shares of Rs. 10 face value in the price band of Rs. 860 to Rs. 1032 per equity share to enhance around $134 1000000. [ clarify ] Information technology was the get-go-ever IPO past an Indian exchange and made MCX India's only publicly listed exchange.
From 28 September 2015, MCX is beingness regulated by the Securities and Commutation Board of Bharat (SEBI). Earlier MCX was regulated by the Forward Markets Commission (FMC), which got merged with the SEBI on 28 September 2015.
Mr Padala Subbi Reddy (Mr P S Reddy) was appointed every bit MD & CEO of the Company for a period of five west.due east.f. May ten, 2019. Prior to this Mr Reddy worked as director and CEO of Central Depository Services (CDSL).[1]
Commodities traded include -
- Metal - Aluminium, Copper, Lead, Nickel, Zinc
- Bullion - Gold, Gilded Mini, Gold Guinea, Gold Petal, Gold Petal ( New Delhi), Gold Global, Silverish, Silver Mini, Silver Micro, Silver 1000.
- Agro Commodities - Cardamom, Cotton, Crude Palm Oil, Kapas, Mentha Oil, Castor seed, RBD Palmolien, Black Pepper.
- Energy - Crude Oil, Natural Gas.
The efforts that started in the quaternary quarter of FY 2018-19 to migrate to 'Compulsory Commitment-based' contracts in all base metals were successfully completed in FY 2019-20. The launch of indigenously benchmarked deliverable futures contracts of Copper, Aluminium, Zinc, Lead and Nickel on MCX, has paved the fashion for the Indian market prices for metals to exist discovered on an exchange platform in a transparent manner. This fulfills an important step towards development of domestic benchmarks which reflect domestic market fundamentals, while the commitment standards are in tune with international standards.
Paving the way for introduction of Options with 'bolt' as underlying, the Government of India issued a notification on October 18, 2019, which widens the scope of article derivatives traded in recognised exchanges. Post-obit this, SEBI permitted stock exchanges to launch 'Selection in goods' in their commodity derivatives segment, in improver to existing 'options on commodity futures'. MCX has launched Gilt Mini Options with Golden Mini (100 grams) bar equally the underlying, and plans to launch Silver Mini five Kg 'option in goods' contract soon.
In April of 2022 the Multi Article Exchange of India collaborated with the Chittipong Stock Commutation Ltd., (CSE), to found Bangladesh's first article commutation.
Multi Article Commutation of India provides live feeds for all traded commodities and these are published on various websites similar MoneyControl,[two] GoldSilverReports[three] and Economic Times,.[4]
Run across Also [edit]
Mumbai Cotton Exchange
References [edit]
- ^ "P S Reddy takes charge every bit MD, CEO of MCX". Economictimes. 10 May 2019. Retrieved 17 Baronial 2020.
- ^ Coin Command https://www.moneycontrol.com
- ^ Gold Silver Reports https://world wide web.goldsilverreports.com
- ^ Economic Times https://economictimes.com
External links [edit]
bentleyentracleas.blogspot.com
Source: https://en.wikipedia.org/wiki/Multi_Commodity_Exchange
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