Overview

The Multi Commodity Exchange of India Limited (MCX),- India’s first listed exchange, is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. The Exchange, which started operations in November 2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI).

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MCX offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities. It is India’s first exchange to offer commodity options contracts. The Exchange focuses on providing commodity value chain participants with neutral, secure and transparent trade mechanisms, and formulates quality parameters and trade regulations, in conformity with the regulatory framework. The Exchange has an extensive national reach, with 694 registered members and 57,374 Authorised Persons with its presence in around 1049 cities and towns across India as on 31 December 2019. MCX is India’s leading commodity derivatives exchange with a market share of 93.4% per cent in terms of the value of commodity futures contracts traded in FY2020 (till Dec).

The Exchange’s flagship index series, MCX iCOMDEX, is a series of real-time commodity futures price indices, which give information on market movements in key commodities traded on MCX. The iCOMDEX series consists of iCOMDEX Composite, apart from two sectoral indices: iCOMDEX Base Metals and iCOMDEX Bullion, and also four single-commodity indices: iCOMDEX Gold, iCOMDEX Silver, iCOMDEX Copper and iCOMDEX Crude Oil.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), a wholly-owned subsidiary of MCX, is the first clearing corporation in the commodity derivatives market. The clearing corporation provides collateral management and risk management services, along with clearing and settlement of trades executed on the Exchange. The European Securities and Markets Authority (ESMA) has granted recognition to MCXCCL as a third country CCP under European market infrastructure regulation. MCXCCL having state of art risk management system is the central counterparty for all trades executed on MCX’s trading platform. It also provides Electronic Commodity Accounting and Receipts Tracking System through web based portal ‘Commodity Receipts Information Systems’ (COMRIS). Further, it provides a settlement guarantee for all trades executed on MCX via Settlement Guarantee Fund (SGF).

With an aim to seamlessly integrate with the global commodities ecosystem, MCX has forged strategic alliances with leading international exchanges such as CME Group, London Metal Exchange (LME), Dalian Commodity Exchange (DCE) and Taiwan Futures Exchange (TAIFEX). The Exchange has also tied-up with various trade bodies, corporates, educational institutions and research centres across the country. These alliances enable the Exchange in improving trade practices, increasing awareness, and facilitating overall improvement of the commodity market.

MCX’s ability to use and apply technology efficiently is a key factor in the development of its business. The exchange’s technology framework is designed to provide high availability for all critical components, which guarantees continuous availability of trading facilities. The robust technology infrastructure of the exchange, along with its with rapid customisation and deployment capabilities enables it to operate efficiently with fast order routing, immediate trade execution, trade reporting, real-time risk management, market surveillance and market data dissemination.

MCX has been continuously raising the bar through effective research and product development, intelligent use of information and technology, innovation, thought leadership and ethical business conduct. MCX has been certified with three ISO standards, ISO 9001:2015 Quality Management System, ISO 27001:2013 Information Security Management Standard and ISO 14001:2015 Environment Management Standard.

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Directors Head
Directors Head

Board of Directors

Our leadership team provides strategic direction to company.

The team comprises of :

Mr. Saurabh Chandra
Mr. Saurabh Chandra
Chairman
  • Former Secretary to the Ministry of Petroleum and Gas, GoI
  • Former Secretary in the Department of Industrial Policy and Promotion (DIPP)
  • Has over 37 years of experience in various assignments, Spent over 17 years in the Secretariat, both with State & Central Govt.; worked in different capacities in the Ministry of Finance, Ministry of Commerce and Industry, Ministry of Chemicals & Fertilizers, in the Government of India
Basant Seth
Mr. Basant Seth
Public Interest Director
  • Currently on the Board of State Bank of India, Roto Pumps Ltd. and Accountscore India Pvt. Ltd.
  • Former Central Information Commissioner
  • Former CMD of Syndicate Bank and was on the Board of SIDBI and Indo Zambian Bank. Held several senior positions with Bank of India
  • Over 37 years of experience in finance & banking, management & administrative matters
Dr. Bhartendu Kumar Gairola
Dr. Bhartendu Kumar Gairola
Public Interest Director
  • Founding member of National Informatics Centre (NIC) and has served in various capacities at NIC.
  • Helping the State Government of Chattisgarh in setting up an International Institute of Information Technology at Naya Raipur (IIITNR), as member of the Board of Governors.
Dr. Deepali Pant Joshi
Dr. Deepali Pant Joshi
Public Interest Director
  • Former Executive Director of Reserve Bank of India (RBI)
  • Former Chief Appellate Authority under the Right to information Act and head of the RBI Legal Department
  • Over 36 years of experience; held several senior positions with RBI
Ms. Pravin Tripathi
Ms. Pravin Tripathi
Public Interest Director
  • Former Deputy Comptroller & Auditor General of India & Chairperson Audit Board.
  • Was the member of Airport Economic Regulatory Authority Appellate and also the member of Competition Appellate Tribunal
  • Director on the Boards of various companies in different sectors and has an extensive all-round experience.
Mr. Shankar Aggarwal
Mr. Shankar Aggarwal
Public Interest Director
  • Former Secretary to the Ministry of Labour and Employment, GoI.
  • Former Secretary to the Ministry of Urban Development, GoI.
  • Prior to working with the Central Government, he held diverse and important portfolios in the UP Government.
Mr. Amit Goela
Mr. Amit Goela
Shareholder Director
  • Partner at Rare Enterprises.
  • Former AVP (Private Equity) Reliance Capital and CEO at Alchemy Share & Stock Brokers.
  • Has over 21 years of experience in Capital Market.
Mr. C. Jayaram
Mr. C. Jayaram
Shareholder Director
  • Currently on the board of Kotak Mahindra Bank Ltd., as an Non-Executive and Non-Independent Director
  • Former Joint Managing Director of Kotak Mahindra Bank Limited
  • Over 38 years of diverse experience in Financial Sector & related businesses
Mr. Hemang Raja
Mr. Hemang Raja
Shareholder Director
  • Former, Country Advisor – India to Asia Growth Capital Advisors (AGCA) for managing India Investments
  • Former, MD and Head India at Ritchie Capital, a part of Credit Suisse Private Equity
  • Has over 33 year of experience in Financial Industry
Ms. Madhu Vadera Jayakumar
Ms. Madhu Vadera Jayakumar
Shareholder Director
  • An independent investor in Financial Markets.
  • Former, Founder CEO of E-Commodities Limited.
  • Has over 13 years of experience in Financial Services Industry.
Ms. Padma Raghunathan
Ms. Padma Raghunathan
Shareholder Director
  • Presently working as Chief General Manager in Finance Department at NABARD.
  • Has closely worked with the community-centred institutions engaged in upliftment of livelihood prospects of rural poor.
Mr. P.S. Reddy
Mr. P.S. Reddy
Managing Director & Chief Executive Officer
  • Over 30 years of diverse experience in Indian Capital Market, especially in Stock Exchange, Clearing Corporation and its ecosystem businesses
  • Former MD & CEO of Central Depository Services (India) Limited (CDSL)
  • Worked with BSE Ltd. for over 18 years, heading various departments such as Listing, Surveillance, Inspection, Investor Service, and HRD among others.

 

milestones
milestones

Key Milestones

The last two decades have seen extraordinary change in the way we live our lives, and in the role of technology in shaping our world. MCX has been part of this unfolding story from the start.

2018
  • Grant of recognition to Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) a wholly owned subsidiary of MCX to act as a Clearing Corporation.
  • Launched Options contract in Crude Oil, Silver, Copper & Zinc
  • Launched first-ever Brass futures contract in the world
2017
  • Launched first-ever Gold Options contract on futures in India
2015
  • Sign MoU with CME Group
2013
  • Changes in top management and Board
2012
  • Became India’s first listed exchange
2008
  • Became a member of the International Organisation of Securities Commissions (IOSCO)
2006
  • Product licensing agreement with NYMEX (CME Group)
2005
  • Licensing agreement with LME
2003
  • Commenced operations on November 10
2002
  • Incorporated

 

? 1,19,941 Crore

Highest Daily Turnover of MCX since inception

93.4%

Market Share in, FY2020 (till Dec)

57,374

Authorised Person (as on December 31st 2019)

Annual Report 2018-19

CORPORATE BROCHURE

Registered &

Corporate Office

Multi Commodity Exchange of India Limited
CIN No. L51909MH2002PLC135594 CTS No. 255 Exchange Square, Suren Road, Andheri East, Mumbai – 400093, India.
022-6731 8888022-6649 4000
022-6649 4151