Frequently Asked Questions

Arbitration is a quasi judicial process of settlement of dispute between the trading members and clients, in respect of trades done on the Exchange. Arbitration aims at quicker legal resolution for the disputes. When one of the parties feels that the complaint has not been resolved satisfactory either by the other party or through the complaint resolution process of the Exchange, the parties may choose the route of arbitration.

One of the parties to the dispute who wants legal remedy for remedy for resolving dispute could apply for arbitration. On other words clients, trading member can apply for arbitration.

The Exchange provides a list of eligible persons. Persons who form part of the list of Arbitrators are the ones who possess an expertise in their respective fields including banking, finance, legal (judges) and capital market areas (brokers).

MCX Certified Commodity Professional (MCCP) is a certification programme for persons who want to gain an insight into trading in commodity futures; for those who want to trade or hedge in commodities; and for those who want to make a living working as a dealer or trader in a broking house or as a jobber or arbitrager.

Candidates are required to register online with MCX and be eligible to take the Online Test (OLT) after payment of the requisite fee. Successful candidates will be awarded the ‘MCCP Certificate’.

The participants in the MCCP programme will get the following benefits:

• Get an insight into the commodity derivatives markets.
• Understand the market dynamics.
• Learn how to trade in commodity markets.
• Understand price risk management strategies.
• Understand the market operations.

Following types of entities are eligible to become members of MCX:

• Individual / Proprietorship Firm
• Registered Partnership Firm
• Hindu Undivided Family (HUF)
• Private Limited Company
• Public Limited Company
• Co-operative Societies

• Trading-cum-Clearing Member (Deposit Based)
• Trading-cum-Clearing Member (Non-Deposit Based)
• Professional Clearing Member
• Institutional Trading-cum-Clearing Member
• Trading Member

Yes. The entity applying for Membership of MCX should not contain Stocks, Securities, Shares, Forex, Comdex, Comex, Exchange or words of similar nature in their name.

Warehouse means and includes any place of Storage, godown, warehouse tank, silos, storehouse, vault where the commodities traded on the Exchange are stored.

Accredited warehouses means a warehouse approved and designated by the Exchange for making deliveries to and taking deliveries from for fulfilling contractual obligations resulting from transactions in commodity contracts executed on exchange platform.

Deliveries shall take place in approved warehouses at Exchange designated delivery centres only as may be specified by the Exchange, from time to time in the contract specifications of a commodity.

The different connectivity modes made available for a Member to trade on MCX platform are:

• MPLS Leased Line
• Point to Point(P2P) leased line
• Internet

In case of any connectivity issues the MCX Helpdesk team could be reached on 66494040. For More Details refer: MCX/TECH/460/2017 Dtd 14th.December 2017