|
|
|
|
|
|
|
|
|
|
|
Technology |
|
|
|
|
|
|
MCX’s technology infrastructure is the foundation of our business and a key factor in the Exchange’s development. The Exchange’s online trading platform is accessible to our members through our trader workstation or computer-to-computer link (“CTCL”) using multiple connectivity media including VSATs, VPN, leased lines, and the internet. Our electronic platform is supported by our infrastructure and advanced technology, allowing faster trade execution, anonymity, price transparency, prompt and reliable order routing, trade reporting, market data dissemination and market surveillance. We believe we have deployed effective technology to minimise the various risks including member defaults. Our system tracks our members’ margin utilizations and tracks mark-to-market (“MTM”) losses online against their deposit available with our Exchange and automatically generates alerts and takes pre-decided actions.
Our electronic trading platform is supplied by our Promoter, FTIL, which is one of the leading technology companies in the development and deployment of exchange related software and technology in India. We believe that technology for the exchange industry is difficult to replicate, thus providing us with a competitive advantage. Further, we operate in an environment which requires constant technology upgrades or variations and support due to changes required by the regulatory regime and market forces. The technical expertise and experience of FTIL enable us to obtain speedy and efficient technology solutions, such as customisation and development of new software for new products and services.
Scalable Technology Platform and Business Model
We believe that our technology platform and business model are highly scalable and have the potential to generate better margins at greater volumes. We plan for and structure our business costs based on our historical and expected growth. Consequently, we have made significant investments in developing our fixed operating infrastructure, including our technology systems, to support our anticipated growth and increase in the demand for our products. We believe that our current technology infrastructure is sufficient to handle daily trading volumes of up to 10,000,000 trades a day, and have handled a high of 1,867,612 trades in a day. Increased trading activity on our Exchange would result in increased profitability. Further, we intend to increase the use of data generated from the commodity futures contracts traded on our Exchange to capitalise on the opportunities in market data products and information dissemination. We believe that our overall business model is highly scalable and that it offers potential for economic growth of our business with limited incremental costs. |
| |
|
| |
|
|
|
|
|
|
|
|
 |
|
|
For Latest commodity futures prices, SMS “MCX
<space> <Commodity Name>“ to 58888 |
|
 |
|
|
|
