Multi Commodity Exchange
Company
Gold: record high in sight...markets were muted. India's front-month gold future contract on the Multi Commodity Exchange of India Ltd (MCX) struck a record high of 16,099 rupees per 10 grams, while gold priced in euros also rallied strongly. "The dollar helped... In this article: Multi Commodity Exchange, US, Standard Bank, New York Mercantile Exchange, London, and India |
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Indiana Times - The Economic Times | 6 days ago
Gold loses lustre to copper on MCX
...drags volumes. Volumes have declined by 20 per cent to a daily average of 32,371.97 kgs on a year-to-date basis on the Multi Commodity Exchange (MCX), while copper registered a 125 per cent increase to 92,166.94 kgs. "Retail...
In this article: Copper, Commodity, Cash cow, Silver, Futures Industry Association, and India
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New Kerala | November 08, 2009
MCX-SX confident to complete stake dilution by Sept 2010: Ashok Jha
...49 per cent stake in the exchange and MCX another 51 per cent. Meanwhile, Mr Jha said MCX may look at starting a separate platform for Small and Medium Enterprises (SMEs). ''A separate platform is needed for the SMEs as theoretically they...
In this article: Financial Technologies, MCX, Derivative, Securities and Exchange Board of India, India, and New Delhi
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Indiana Times - The Economic Times | November 11, 2009
Gold rises to fresh record
...fresh record on global leads MUMBAI: Gold futures on the Multi Commodity Exchange of India (MCX) continued their record-breaking spree on Thursday, tracking strong international markets and a weak dollar. The near-month December contract...
In this article: All rights reserved, Internet Explorer 6.0, India, and Mumbai
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Indiana Times - The Economic Times | November 16, 2009
Gold may ease from record
...said. The most-traded November contract on the Multi Commodity Exchange of India (MCX) ended 3.8 per cent higher at 314.50 rupees per kg on Monday, when a weaker dollar and strong US retail sales spurred buying in the red metal. November...
In this article: Copper, India, All rights reserved, Zinc, and Allianz
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Indiana Times - The Economic Times | November 11, 2009
Gold futures may hit new record high
...of the red metal, analysts said. The most-traded November contract on the Multi Commodity Exchange of India (MCX) ended 0.05 percent higher at 304.60 rupees per kg in the previous session. November copper may open at about 305...
In this article: Copper, India, All rights reserved, Zinc, and Reuters
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Indiana Times - The Economic Times | November 02, 2009
Gold may strike fresh record
...investment, analysts said. The benchmark December gold on the Multi Commodity Exchange (MCX) closed 1 per cent higher at Rs 16,117 per 10 grams, after hitting a record high of Rs 16,173 in late Monday trade. December gold is likely to...
In this article: Copper, US, Reserve Bank of India, International Monetary Fund, India, All rights reserved, and Zinc
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Indiana Times - The Economic Times | November 09, 2009
Gold strikes all-time high above $1,100/oz
...until December. The rupee jumped to a two-week high against the dollar, which could also offset a rally in the front-month contract on the Multi Commodity Exchange of India Ltd, currently December, to another record. Cash gold has gained...
In this article: London, India, Singapore, Hong Kong, U.S., Tokyo, and Diwali
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Indiana Times - The Economic Times | October 20, 2009
MCX slashes transaction cost
...of potential competition from upcoming Indiabulls-MMTC-promoted Indian Commodity Exchange (ICEX) could have been one of the reasons that prompted Multi Commodity Exchange of India (MCX) to slash transaction costs for its members recently.
In this article: All rights reserved and India
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Indiana Times - The Economic Times | November 04, 2009
Gold price tops $1,090 an ounce for first time
...of Rs 16,664 per 10 grams on Wednesday afternoon. At 2:16, gold futures on the Multi Commodity Exchange (MCX) traded 0.17 percent higher at Rs 16,646 per 10 grams, off its record high. Analysts said a weaker dollar could push prices to...
In this article: International Monetary Fund, India, Commodity, Commerzbank, US Federal Reserve, and London
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More on Multi Commodity Exchange
Description from Wikipedia:
Multi Commodity Exchange (MCX) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. The turnover of the exchange for the period Apr-Dec 2008 was INR 32 Trillion . MCX offers futures trading in Agricultural Commodities, Bullion, Ferrous & Non-ferrous metals, Pulses, Oils & Oilseeds, Energy, Plantations, Spices and other soft commodities.
MCX has also setup in joint venture the National Spot Exchange a purely agricultural commodity exchange and National Bulk Handling Corporation (NBHC) which provides bulk storage and handling of agricultural products.
It is now regulated by forward market commission.
* MCX is India's No. 1 commodity exchange with 84% Market share in 2008($0.84 trillion)
* The exchange's competitor is National Commodity & Derivatives Exchange Ltd ()
* Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in futures trading ()
* The crude volume touched 23.49 Miliion barrels on January 3, 2009
* The highest traded item is gold with an average monthly turnover of Rs 1.42 Trillion ($29 Billion).
* MCX has 10 strategic alliances with leading commodity exchange across the globe
* The average daily turnover of MCX is about US$ 2.4 billion
* MCX now reaches out to about 500 cities in India with the help of about 10,000 trading terminals
* MCX COMDEX is India's first and only composite commodity futures price index
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- Name:
- Multi Commodity Exchange
- Type:
- Private
- Location:
- 102 A, Landmark, Suren Road, Chakala, Andheri (East), Mumbai, India
- Founded:
- 2003
- Industry:
- Business Services
- Key People:
- Joseph Massey, MD & CEO
- Products:
- Options/Futures exchange
- Revenue:
- Rs 104.39 crore (2005-2006)
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