The full form of MCX is Multi Commodity Exchange of India Limited. MCX is India's first commodity derivatives exchange facilitating online trading of commodity derivatives transactions. Commencing operations in 2003, MCX operates under the purview of the Securities and Exchange Board of India (SEBI).,
Multi Commodity Exchange (MCX) is an exchange where commodities like crude oil, lead, gold, etc are traded.11-Mar-2022
Multi Commodity Exchange of India Ltd (MCX) (BSE: 534091) is a commodity exchange based in India. It is under the ownership of Ministry of Finance , Government of India. It was established in 2003 by the Government of India and is currently based in Mumbai . It is India's largest commodity derivatives exchange.
Trading over MCX provides a platform for buyers and sellers to enter into various kinds of spot, future, and options contracts among other things. The future market helps in predicting future prices of various goods. The MCX also helps in a cash settlement or physical settlement of contracts, i.e., delivery of goods.
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.