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About Multi Commodity Exchange of India
History
The Multi Commodity Exchange of India Limited (MCX) is recognised as an exchange under the Securities Contracts (Regulation) Act, 1956. The company was permanently recognised by the Government of India on September 26, 2003,, as an exchange that can facilitate online trading, clearing and settlement operations of commodities derivatives in India. The company became a Public Limited Company, with its name changed to Multi Commodity Exchange of India Ltd., on May 16, 2002. The exchange focuses on providing various commodity value chain stakeholders with neutral, secure and transparent trade mechanisms. It also formulates quality parameters and certain trade regulations. MCX began its online futures trading operations in November 2003. Thereafter, it received major equity investments in 2004 from Bank of India, Union Bank and Corporation Bank. Subsequently, it received further equity investments from State Bank of India, HDFC Bank, NSE and NABARD from 2004 to 2005. Fidelity Funds - India Focus Funds i.e. FID Funds (Mauritius) Limited also invested in the company. During 2017-18, the company commenced options trading with gold futures as underlying assets in mid-October, ushering a new era in price risk management. In May 2018, SEBI gave the approval for MCX to launch options in four more commodities i.e. Crude Oil, Copper, Silver and Zinc. MCX began facilitating futures contracts on the MCX iCOMDEX Bullion Index (BULLDEX) and Base Metal Index (METLDEX) in August 2020. It also launched Rubber Futures in FY 2020-21. In FY 2022-23, the exchange launched mini futures contracts in Base Metals.Business Segments
As of September 2023, the following are the commodities whose futures are traded on the MCX:- Bullion - This includes gold and silver contracts such as Gold, Gold Mini, Gold Guinea, Gold Petal, Silver, Silver Mini and Silver Micro.
- Base Metals - This list includes contracts of Alumimium, Aluminium Mini, Lead, Lead Mini, Copper, Nickel, Zinc, and Zinc Mini.
- Energy - Crude Oil, Crude Oil Mini, Natural Gas, and Natural Gas Mini.
- Agri commodities - Cotton, Crude Palm Oil, Kapas, Mentha Oil.
- MCX BULLDEX
- MCX METLDEX
- MCX ENRGDEX
Key Personnel
Mr. P. S. Reddy, MD and CEO Mr. Reddy took over as MD and CEO of MCX in May 2019. He had earlier worked in a similar position at the CDSL and had also worked at BSE for around 18 years inat various capacities. Mr. Reddy Holds a Master’s Degree in Economics from the University of HyderabadCorporate Action
The company has not issued any rights issue, bonus shares, buybacks or stock splits in recent times.Management Outlook
The company is planning to set up an International Exchange for facilitating trading, clearing and settlement of securities, interest rates, currencies, other assets and their derivatives to international investors operating in GIFT SEZ-IFSC. In the long run, the company envisions a unified commodities market in India and eventually a common global market. They wish to leverage technology to create an efficient commodity market which is also a level playing field for all stakeholders in the market. To meet this goal, they are investing heavily in technology. For example, the company increased its expenditure on computer and software support by 150% between 2021-22 and 2022-23.Parent Organisation
Indian Private
Managing Director
Harsh Kumar Bhanwala
Founded
2002
NSE Symbol
MCX
Community Discussion
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10th July, 2024
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10th July, 2024
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Multi Commodity Exchange Of India Ltd FAQs
What is the share price of Multi Commodity Exchange Of India Ltd (MCX) shares?
Multi Commodity Exchange Of India Ltd (MCX) share price as of October 3, 2024, on NSE is Rs 5784.7 (NSE) and Rs 5784.7 (BSE) on BSE.
Can I buy Multi Commodity Exchange Of India Ltd (MCX) from Angel One?
Yes, You can buy Multi Commodity Exchange Of India Ltd (MCX) shares by opening a Demat account with Angel One.
How do I buy Multi Commodity Exchange Of India Ltd (MCX) from Angel One?
Multi Commodity Exchange Of India Ltd (MCX) share can be bought through the following modes:
1. Direct investment: You can buy Multi Commodity Exchange Of India Ltd (MCX) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Multi Commodity Exchange Of India Ltd (MCX) shares.
1. Direct investment: You can buy Multi Commodity Exchange Of India Ltd (MCX) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Multi Commodity Exchange Of India Ltd (MCX) shares.
What is the main business of MCX?
The main business of MCX, India's first listed exchange, is to provide a platform for trading in commodity derivatives with transparent price discovery and stringent risk management practices in place. Its product offerings include base metals, agri-commodities, bullion, and energy.
Who are the promoters of MCX?
None. The MCX is owned entirely by non-promoters and custodian.
What are the Subsidiaries that comes under MCX?
The wholly-owned subsidiary that comes under MCX is Multi Commodity Exchange Clearing Corporation Limited (MCXCCL).
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