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| Trading @ MCX |
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| The Trader Work Station
(TWS) is the application through which members
access the trading platform, place orders
and execute trades. The TWS offers a multitude
of user friendly trading features which include
commodity price ticker, market watch screen
displaying best buy, best sell, last traded
price, volume for the day, open interest etc.,
top gainer and loser contracts, net position,
on-line back up facility etc |
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Trading
System |
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best five buy and
sell orders for every
contract available
for trading are visible
to the market and
orders are matched
based on price time
priority logic. Orders
can be placed with
time conditions and/
or price conditions
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| Time
related Conditions |
DAY
order- A
Day order is valid
for the day on which
it is entered. If
the order is not matched
during the day, the
order gets cancelled
automatically at the
end of the trading
day.
GTC
- A Good Till Cancelled
(GTC) order is an
order that remains
in the system until
the expiry of the
respective contract
in which it is entered
or until when the
same is cancelled
by the member.
GTD -
A Good Till Date (GTD)
order is valid till
the date specified
by the member. After
the specified date
the unexecuted orders
get automatically
cancelled by the system.
IOC
- An Immediate or
Cancel (IOC) order
allows a member to
execute the orders
as soon as the same
is placed in the market,
failing which the
order will get cancelled
immediately |
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| Price
Conditions |
Limit
Order –
The order wherein
the price is to be
specified while placing
the same.
Market Order
– The order
at the best available
price at the time
of placing the same. |
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Margins |
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MCX follows a comprehensive
and stringent margining
system for all future contracts
traded on the Exchange platform.
Actual margining and position
monitoring is done on an
on-line basis. For the purpose
of computing and levying
the margins, MCX uses SPAN®
(Standard Portfolio Analysis
of Risk) system which follows
a risk-based and portfolio-based
approach. The Initial Margin
requirement is based on
a worst-case loss scenario
of portfolio at client level
to cover VaR (value at Risk)
over a one day horizon,
subject to a minimum Base
Margin defined by FMC for
the respective commodity.
The SPAN Risk Parameter
File (RPF) is generated
by the Exchange periodically
at pre-defined timings and
RPF files so generated are
provided to the members
using the FTP service and
on the Exchange website.
In addition to SPAN margins,
MCX levies Additional margins
and/ or Special margins
whenever deemed necessary
considering the volatility
and price movement in the
commodities. Such margins
are also levied as per the
directions of FMC
Tender Period margins and
Delivery Period Margins
are levied on contracts
nearing expiry to ensure
non default in commodity
delivery |
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Trade
Timings |
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Special
Session:
Monday to Saturday:
9:45 a.m. to 9:59 a.m.
Special
Session (order cancellation
session) is held to cancel
the pending orders prior
to opening of market |
Normal
Session:
Monday through Friday:
10:00 a.m. to 11:30 p.m.
(up
to 11:55 p.m. on account
of day light savings typically
between every November and
March of the following year)
Saturdays:
10:00 a.m. to 2:00 p.m.
Agri-commodities
are available for futures
trading up to 5:00 p.m.
whereas non agri-commodities
(bullions, metals, energy
products) are available
up to 11:30 pm / 11.55pm. |
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| Trading
Holidays |
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List
of holidays in the calendar
year |
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Trade
Verification |
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| Clients/
Constituents can verify
trades executed
on the MCX platform on the
next trading day by entering
minimum information |
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Trading
Related Documents |
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PDF Format |
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Application for New
User ID creation |
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Application for Change
of User Name |
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User Id cancellation
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Application for User
ID/ Member ID mapping
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| Increase/
Decrease in Maximum
Order Size of trade |
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| Increase/
Decrease in Turnover
limit |
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| Enablement
of Pro facility |
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| Reset
of Member Admin/ User
Id password |
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| Application
for Cancellation of
orders |
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| Application
for Square-off of
trades |
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Contact
Details |
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MCX
trading team can be contacted
on:
Tel: 022-66494000
Fax:
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For resetting password,
setting user turnover
limits, position square
off, Pro trading,
resetting maximum
single transaction
value, order cancellation
etc. |
022-67269556
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| For
Creation/ Modification/
Cancellation of User
Ids, IP Mapping etc. |
022-67269557
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| Email
:trading@mcxindia.com
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For Latest commodity futures prices, SMS “MCX
<space> <Commodity
Name>“ to 58888 |
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