MCX Stock Exchange Ltd (MCX-SX), India’s new stock exchange, appositely

reflects how the world’s most evolved and hi-tech new-generation

exchanges should look like in future. With cutting-edge technology,
world-class services and cost optimisation, MCX-SX has altered the
face of the Indian financial markets.
Within a year of its launch, MCX-SX has proved its mettle as the
thought leader and innovator of the industry by introducing
innovative services and pioneering market development initiatives.
Recognised by the market regulator Securities and Exchange Board of
India, MCX-SX currently has more than 600 members and trading
terminals in 486 cities and towns across India.
Through deployment of state-of-the-art technology and global best
practices for regulatory compliance and investor protection, MCX-SX
enables importers, exporters, investors, corporations and banks to
hedge their currency risks with greater transparency and safety.
Furthermore, it guarantees settlement of all transactions, through its
clearing corporation (MCX-SX Clearing Corporation Ltd), which enhances
safety by eliminating the counterparty risk.
MCX-SX believes in “Systematic development of markets through
Information, Innovation, Education and Research.” Its constant
endeavour, therefore, has been to ensure that its nationwide
electronic trading platform is used by market participants more
extensively and effectively. MCX-SX is the first stock exchange in
India to launch pioneering market development initiatives and join
hands with India’s reputed industry & trade bodies and educational
institutions to conduct awareness and financial literacy programmes
for financial literacy and financial inclusion.
Indian economy is riding high enjoying 8% growth rate and the industrial
and agricultural sectors are doing well. We are also enjoying favourable
foreign exchange balances. Even so, the producer or the farmer does not get
his due for a host of reasons. One among them is the middlemen and mediators
trying to hoodwink the producer about the reasonable price and the
producer’s inability to wait for the right price for lack of infrastructural
facilities.
Though there is a spot market for many commodities to secure immediate
price, it always results in the producer settling for a loss. Similarly even
if a farmer waits for a future’s contract to get a reasonable price, his
ignorance of the market puts him in a disadvantageous position. MCX and
NCDEX were formed in answer to these problems faced by the producers and
farmers.
Introduction to Multi Commodity Exchange ( MCX ):
MCX : refers to Multi Commodity Exchange which facilitates trading in a
variety of commodities in the country. This is an independent commodity
exchange operating in India with its base in Mumbai. The MCX was established
in the year 2003 with NABARD, NSE, Financial Technologies India Ltd,
Corporation Bank, Bank of India, Bank of Baroda, HDFC Bank Ltd, SBI Life
Insurance Corporation Ltd, Fid Fund (Mauritius) Ltd etc. as key share holders.
MCX reaches out to 500 Indian cities with about 10000 trading terminals. MCX
is the only market in India where multiple commodities are traded.
MCX is engaged in future trading in a number of commodities like
agricultural commodities, Bullion, Ferrous and Non Ferrous metals, Pulses, Oil
and Oil Seeds, Energy, Plantations, Spices and soft commodities. The average
daily turnover of MCX is about 1.55 billion US Dollars. Multi Commodity
Exchange (MCX) captures almost 72% of the market share and thus it occupies
No1 position in India in the commodity market. MCX occupies no 1 position in
the world in respect of silver, No 2 position in Natural gas and No 3
Categorywise Multi Stock Exchange (MCX) Commodities Index:

Category Commodities
Metals Aluminum, Copper, Lead, Nickel, Sponge iron, Steel Long and
Steel flat, Tin, Zinc
Bullion Gold, silver
Fibre Long, medium and short staple cotton, Cotton yarn etc

Energy Crude oil, Furnace oil, Natural gas etc

Spices Cardamom, Jeera, Pepper, Red Chilly
Pulses Chana , Masoor and yellow peas
Plantation Arecanut, Cashew kernel, Coffee, Rubber
Petro HDPE, Polypropylene, PVC
chemicals
Oil and Oil Castor, Coconut, Cotton Seed, Palmoline, ground nut, Mustard,
Seeds Soya, Sunflower, Sesame and Rice Bran

Cereals Maize
Others Mentha oil, Potato, Sugar
Multi Stock Exchange (MCX) Commodities Index in detail:

ALMOND ELECTWK MAIZE SILVERHNI

ALUMINIUM FURNACEOI MASUR SILVERM
ARECAJHAJI L
GASOLINE MENTHAOIL SOYABEAN
ARECARASH GNUTOILEX MESCRUDOI SOYMEAL
I
ATF P
GOLD L
MGGURCHA SOYSEED
KU
BRCRUDEOI GOLDGUINE MUSTARDJP SPONGEIRO
L
BSMATIRICE A
GOLDHNI R
MUSTARDOI N
SRBATIRICE
CARDAMOM GOLDM L
MUSTRDSEE STEELFLAT
CASHEWKE GRSD D
NATURALG STEELGZB
RN
CASTOROIL AS
GUARGUM NICKEL STEELIGTM
CER GUARSEED PEPPER G
STEELLGBV
CFI HDPEHM PLATINUM NSTEELLONG
CHANA HEATINGOIL POTATO SUGARM
CHANADEL IGOLDAHM POTATOTRW SUGARMDE
COCONUTC IGOLDDEL PPTQR L
SUGARSKLP
AK
COCONUTOI IGOLDKOL PVC SUPARIRASI
L
COFROB IGOLDMAH RBDPMOLEI TCOAL
COPPER M
IGOLDMDEL N
REDCHILLI TIN
 CORIAND IGOLDM REFSNFL TURDESI
ER
COTTONL KOL
IGOLDM OIL
REFSOYO TURMERI
ONG
COTTON MUM
IGOLDM IL
RICE C
URAD
MED
COTTONS UM
JEERA RJKCASS WHEAT
EED
CPO JUTE EED
RSOLAPR YELLOW
CRDO KAPAS JUN
RSOLAPR PEAS
ZINC
CRUDEOI KAPASK MAY
RUBBER
L
DRB HALI
LEAD SESAMES
ELECTMT LONGCO EED
SILVER
H TTON

MCX works in joint venture with National Spot Exchange, a purely agricultural
Commodity Exchange for the standardization in agricultural markets. It also works in
conjunction with National Bulk Handling Corporation which helps farmers in bulk
handling of agricultural commodities. MCX has also set up a management course i.e
‘Diploma in Commodities Market’ in cooperation with Welingkar Institute of Management
to train young managers deal efficiently in the commodities market.
MCX Stock Exchange (MCX-SX), India's new stock exchange, was launched on
October 7, 2008, under the regulatory framework of Securities & Exchange
Board of India (SEBI). The exchange received approval from SEBI and Reserve
Bank of India (RBI) to launch a nationwide electronic platform for trading
in currency derivatives.
Currently MCX-SX offers currency futures contracts in US Dollar - Indian
Rupee ( USDINR ), Euro - Indian Rupee ( EURINR ), Pound Sterling - Indian
Rupee ( GBPINR ) and Japanese Yen - Indian Rupee ( JPYINR ) . Clearing and
Settlement is conducted through the MCX-SX Clearing Corporation Ltd (MCX-SX
CCL).
Within a year of its launch, MCX-SX has achieved a stupendous growth in
average daily turnover and open interest. The average daily turnover
increased from Rs 355.66 crore during in the first month of its operations
(Oct 7, 2008 till Nov 6, 2008) to Rs 14617.24 crore for the month of January
2010.
MCX-SX witnesses participation from over 480 cities and towns across India
and has a strong member base of over 600. Among hosts of benefits this
state-of-the-art transparent national trading platform offers to a wide
range of financial market participants -- hedgers (i.e. exporters, importers,
corporates and banks), investors and arbitrageurs -- price discovery and
price risk management are of foremost importance.
True to its philosophy of "Systematic development of markets through
Information , Innovation , Education and Research", MCX-SX endeavours
to ensure continuous innovation and to introduce products that conform to
the needs of diverse market participants. The stock exchange is committed
to continuously expand its menu of offerings by introducing trading in new
asset classes under the extant regulatory framework. To begin with, MCX-SX
will introduce trades in Equity, Debt, Interest Rates, Index and Exchange
Traded Funds, subject to regulatory clearances.
Benefits of MCX-SX
A wide range of financial market participants -- hedgers (i.e.
exporters, importers, corporates and banks), investors and
arbitrageurs are benefitted by price discovery and price risk
management on the transparent trading platform of MCX-SX.
Hedgers: MCX-SX provides a high-liquidity platform for
hedging against the effects of unfavourable fluctuations in
foreign exchange rates. Banks, importers, exporters and
corporates can hedge on MCX-SX.
Investors: All those interested in taking a view on appreciation
(or depreciation) of exchange rates in the long and short term,
can participate in the MCX-SX currency futures. For example,
if one expects depreciation of Indian rupee against US dollar,
then he can hold on long (buy) position in the USD/INR
contract for returns. Contrarily, he can sell the contract if he
sees appreciation of the Indian rupee. Similar, long or short
positions can be taken in EURINR, GBPINR and JPYINR if
investors see any fluctuation in the Indian currency against
other currencies like Euro, Sterling Pound and Japanese Yen
1 Allahabad Bank 4.60

2 Andhra Bank 4.60

3 Axis Bank 1.84

4 Bank of Baroda 4.60

5 Bank of India 4.60

6 Corporation Bank 4.60

7 Financial Technologies (India) Ltd. 5.00

8 HDFC Bank 2.21

9 IFCI Limited 13.23

10 IL & FS Financial Services Ltd. 5.00

11 Indian Bank 4.60

12 Indian Overseas Bank 4.60

13 MCX Stock Exchange ESOP Trust 1.00

14 Multi Commodity Exchange of India Ltd. 5.00

15 Oriental Bank of Commerce 4.60

16 Punjab & Sind Bank 0.92

17 Punjab National Bank 9.20

18 State Bank of Indore 1.84

19 Syndicate Bank 2.30

20 UCO Bank 0.46
21 Union Bank of India 11.50
22 United Bank of India 1.84

23 Vijaya Bank 1.84

Total