Overview

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity futures exchange that facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The Exchange, which started operations in November 2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI).

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MCX offers trading in varied commodity futures contracts across segments including bullion, industrial metals, energy and agricultural commodities. The Exchange focuses on providing commodity value chain participants with neutral, secure and transparent trade mechanisms, and formulates quality parameters and trade regulations, in conformity with the regulatory framework. The Exchange has an extensive national reach, with 709 registered members and 49,000+ Authorised Persons with its presence in 1500+ cities and towns across India as on 30 June, 2016. MCX is India’s leading commodity derivatives exchange with a market share of 88.8 per cent in terms of the value of commodity futures contracts traded in the quarter ended June 2016.

To ease participation, the Exchange offers facilities such as calendar-spread facility, as also EFP (Exchange of Futures for Physical) transactions which enables participants to swap their positions in the futures/ physical markets. The Exchange’s flagship index, the MCXCOMDEX, is a real-time composite commodity futures price index which gives information on market movements in key commodities. Other indices developed by the exchange include MCXAgri, MCXEnergy, MCXMetal and Rainfall Indices. MCX has been certified with three ISO standards, ISO 9001:2008 Quality Management System, ISO 27001:2015 Information Security Management Standard and ISO 14001:2004 Environment Management Standard.

With an aim to seamlessly integrate with the global commodities ecosystem, MCX has forged strategic alliances with leading international exchanges such as CME Group, London Metal Exchange (LME), Dalian Commodity Exchange (DCE) and Taiwan Futures Exchange (TAIFEX). The Exchange has also tied-up with various trade bodies, corporates, educational institutions and R&D centres across the country. These alliances enable the Exchange in improving trade practices, increasing awareness, and facilitating overall improvement of the commodity market.

MCX’s ability to use and apply technology efficiently is a key factor in the development of its business. The exchange’s technology framework is designed to provide high availability for all critical components, which guarantees continuous availability of trading facilities. The robust technology infrastructure of the exchange, along with its with rapid customisation and deployment capabilities enables it to operate efficiently with fast order routing, immediate trade execution, trade reporting, real-time risk management, market surveillance and market data dissemination.

The Exchange is committed to nurturing communities that are vital for the development of its business. To achieve its goal of inclusive growth, it collaborates with diverse partners. Gramin Suvidha Kendra, its social inclusion programme in partnership with India Post, seeks to enhance farmers’ value realisation from agricultural activities.

MCX has been continuously raising the bar through effective research and product development, intelligent use of information and technology, innovation, thought leadership and ethical business conduct.

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Board of Directors

Our leadership team provides strategic direction to company.

The team comprises of :

Mr. Satyananda Mishra, IAS (Retd.)
Chairman, Public Interest Director
  • Ex-Chief Information Commissioner
  • Handled various assignments in different capacities viz. Secretary, Department of Personnel & Training; Establishment Officer; Principal Secretary, Public Works Department; etc.
Mr. Saurabh Chandra
Public Interest Director
  • Former Secretary to the Ministry of Petroleum and Gas, GoI
  • Former Secretary in the Department of Industrial Policy and Promotion (DIPP)
  • Has over 37 years of experience in various assignments, Spent over 17 years in the Secretariat, both with State & Central Govt.; worked in different capacities in the Ministry of Finance, Ministry of Commerce and Industry, Ministry of Chemicals & Fertilizers, in the Government of India
Ms. Pravin Tripathi
Public Interest Director
  • Former Member of: - Competition Appellate Tribunal - Airport Economic Regulatory Authority Appellate Tribunal
  • Former Deputy Comptroller & Auditor General of India & Chairperson Audit Board
Mr. G. Anantharaman, IRS (Retd.)
Public Interest Director
  • Presently, Special Advisor to the Chairman, Tata Realty & Infrastructure Limited
  • Former Chief Commissioner of Income Tax, Mumbai
  • Former Whole-Time Member of SEBI
Mr. Arun Nanda
Public Interest Director
  • Presently, Chairman of Mahindra Holidays & Resorts (I) Ltd. and Mahindra Lifespace developers Ltd and Director of Holiday Club Resorts Oy, Finland.
  • Over 40 years of extensive experience with Mahindra Group.
  • Has been honoured with various Awards.
Mr. S. K. Mitra
Public Interest Director
  • Current on the Board of several reputed companies as an Independent Director & Advisor to few Private Equity Funds.
  • Previously associated with Aditya Birla Group, GIC Mutual Fund, Standard Chartered & American Express Bank at various capacities.
  • Over 39 years of extensive management experience in Financial Sector.
Mr. M. Govinda Rao
Public Interest Director
  • Presently, Emeritus Professor at National Institute of Public Finance and policy (NIPFP)
  • Former Member - 14th Finance Commission & Director of NIPFP
  • Former Member- Economic Advisory Council to the Prime Minister
Mr. Amit Goela
Shareholder Director
  • Partner at Rare Enterprises.
  • Former AVP (Private Equity) Reliance Capital and CEO at Alchemy Share & Stock Brokers.
  • Has over 21 years of experience in Capital Market.
Ms. Madhu Vadera Jayakumar
Shareholder Director
  • An independent investor in Financial Markets.
  • Former, Founder CEO of E-Commodities Limited.
  • Has over 13 years of experience in Financial Services Industry.
Ms. Padma Raghunathan
Shareholder Director
  • Presently working as Chief General Manager in Finance Department at NABARD.
  • Has closely worked with the community-centred institutions engaged in upliftment of livelihood prospects of rural poor.
Mr. Hemang Raja
Shareholder Director
  • Former, Country Advisor – India to Asia Growth Capital Advisors (AGCA) for managing India Investments
  • Former, MD and Head India at Ritchie Capital, a part of Credit Suisse Private Equity
  • Has over 33 year of experience in Financial Industry
Mr. Mrugank M. Paranjape
Managing Director and Chief Executive Officer
  • Over 25 years of diverse experience in Corporate Banking, Securities Markets, Technology, Asset Management, and Custodial Services
  • Former Managing Director of Deutsche Bank A.G.
  • Held senior management roles in international organisations including Prudential ICICI AMC and Citibank
Mr. Parveen Kumar Singhal
President & Whole Time Director
  • Over 39 years of diverse corporate experience in financial services, banking/financial institutions, securities and commodities markets space
  • Former Executive Director & CEO of Delhi Stock Exchange
  • Former Division Chief of SEBI and Director with Forward Markets Commission (FMC)

Key Milestones

The last two decades have seen extraordinary change in the way we live our lives, and in the role of technology in shaping our world. MCX has been part of this unfolding story from the start.

2016
  • MCX was honoured with the ‘Best Commodity Exchange’ Award 2016 at the Bullion Federation Global Convention
  • Overcoming many hurdles, MCX climbs a rung to be world’s 6th largest commodity futures exchange in 2015, going by the number of contracts traded
  • MCX won the Best Commodity Exchange Award at the 14th Commodity Futures Market Summit & Excellence Awards, organized by ASSOCHAM – February 2016
2015
  • MCX won the Best Commodity Exchange Award at the India International Bullion Summit organised by IBJA.
  • MCX has been honoured with ‘Exchange Of the Year for Investor Education and Awareness Award’ by the Commodity Participants Association of India (CPAI) – May 2015.
  • MCX and CME Group sign Memorandum of Understanding -July 2015
    • Joint viability study of International Finance Service Center in India to be conducted
    • Existing licensing agreement on energy futures settlement prices renewed
  • MCX Signs MoU to establish an international exchange with India’s first International Financial Services Center (IFSC) at GIFT City -August 2015.
2014
  • Kotak Mahindra Bank Ltd acquired 15% equity stake in the company on September 2014
2013
  • Highest daily turnover of INR 1,19,941 crore achieved on April 15, 2013 (since inception)
  • MCX underwent significant changes during 2013-14; changes in top management and board
2012
  • World’s 3rd largest commodity futures exchange in terms of the numbers of contracts traded in CY2012*
  • Became India’s first listed exchange on March 9, 2012
2011- 2003
  • India’s first exchange to report its sustainability performance since FY 2009-10.
  • Euronext, NV., Alexandra GLG, Passport Capital, Merrill Lynch holdings, ICICI, Kotak Mahindra, New Vermon, ILFS and Citigroup acquired stakes in MCX
  • Granted membership of the International Organization of Securities Commissions (IOSCO) - 2008
  • In June 2006, forged an alliance with the India Post to extend benefits of the exchange to farmers through Gramin Suvidha Kendra, its social inclusion programme.
  • In June 2006, became India’s largest commodity exchange
  • Entered into several strategic alliances with global exchanges such as LME and NYMEX
  • Incorporated in April 2002
  • Commenced operations in November 2003
  • First in India to initiate evening trading session to coincide trading timing with international markets- 2003
  • Incorporated in April 2002

Awards

The last two decades have seen extraordinary change in the way we live our lives, and in the role of technology in shaping our world. MCX has been part of this unfolding story from the start.

2016

MCX was honoured with the ‘Best Commodity Exchange’ Award 2016 at the Bullion Federation Global Convention

MCX won the Best Commodity Exchange Award at the 14th Commodity Futures Market Summit & Excellence Awards, organized by ASSOCHAM

2015

MCX was awarded the Exchange of the year for Investors Education and Awareness Award by Commodity Participants Association Of India (CPAI).

1,19,941 Crore

Highest Daily Turnover of MCX since inception

88.8%

Market Share in Q1 (Apr-Jun) 2016-17

5,50,000 +

Trading Terminals

Annual Report 2015-16

Factsheet

Registered &

Corporate Office

Multi Commodity Exchange of India Limited
CIN No. L51909MH2002PLC135594 CTS No. 255 Exchange Square, Suren Road, Andheri East, Mumbai – 400093, India.
022-6731 8888022-6649 4000
022-6649 4151