MCX offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities, as also on indices constituted from these contracts. It is India’s first Exchange to introduce commodity options, and futures contracts on bullion, base metals and energy indices. 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 544 registered members and 35,537 Authorised Persons with its presence in around 669 cities and towns across India as on 30th June 2024. MCX is India’s leading commodity derivatives exchange with a market share of about 97.84 per cent in terms of the value of commodity futures contracts traded in financial year 2024-25 (April 2024 – June 2024).
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/ segments traded on MCX. The MCX iCOMDEX series consists of a Composite index, apart from three sectoral indices: the Base Metal index (MCX METLDEX), the Bullion index (MCX BULLDEX) and the Energy index (MCX ENRGDEX), and also eight single-commodity indices: Gold, Silver, Aluminium, Copper, Lead, Zinc, Crude Oil and Natural Gas indices.
Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), a wholly-owned subsidiary of MCX, is the first clearing corporation in the Indian commodity derivatives market. The clearing corporation provides collateral management and risk management services, along with clearing and settlement of trades executed on the Exchange. 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 a web based portal ‘Commodity Receipts Information Systems’ (COMRIS). Further, it provides settlement guarantee to all trades executed on MCX via its 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 and London Metal Exchange (LME). The Exchange has signed Memoranda of Understanding with renowned global exchanges viz. Dalian Commodity Exchange (DCE), Taiwan Futures Exchange (TAIFEX), Zhengzhou Commodity Exchange (ZCE), Jakarta Futures Exchange (JFX) and European Energy Exchange AG (EEX) to facilitate cooperation in areas of sharing knowledge and expertise, education & training, etc. MCX is currently undertaking a consultancy project to set up a commodity derivatives platform at Chittagong Stock Exchange, which will be the first such platform in Bangladesh. The Exchange has also tied-up with various trade bodies, industry associations and educational institutions across the country. These partnerships enable the Exchange to improve trade practices, increase awareness, and facilitate overall growth and development of the commodity market.
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 ISO standards: ISO 9001:2015 Quality Management System, ISO 14001:2015 Environment Management System and ISO/IEC 27001:2013 Information Security Management System.