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What                          is                     a                       Commodity?
A commodity may be defined as an article, a product or material that is bought and sold. It
can                                                                                    be
classified as every kind of movable property, except Actionable Claims, Money & Securities

What                     is                   Commodity                         Exchange?
Commodity Exchange is a common platform or institution, where market participants from
varied spheres trade in a wide spectrum of commodity derivatives, just as how stock markets
provide     space       for     trading     in  equities      and       their    derivatives

Which is the regulatory body for commodities trading?
The Forward Markets Commission (FMC) is the regulatory body for
commodity futures / forward trade in India. You can mail them at
fmc@bom5.vsnl.nic.in and visit their website at www.fmc.gov.in.
In India there are 25 recognized commodity exchanges operating actively. Within them 18
commodity exchanges are domestic future exchanges. But, three of them are known as
national level multi commodity exchanges in India.

Commodities exchanges in India engage to trade in particular commodities. This trade does
not comprise trade of securities, trade of stock index futures, trade of options and other
market trading. The concept for commodity exchanges started in 19th century in Unites
States for buying and selling commodities. It took almost three decades for government of
India to allow commodity exchanges in India.

Through commodity exchanges in India buying and selling of commodities are exclusively
done for the sub-continent. Commodity exchanges in India provide an easy platform for
Indian businessmen to buy and to sell commodities by organizing market forums.
Commodity exchanges are like central market hub which provides a single meeting place for
Indian buyers and sellers. Through this central market hub, Indian buyers and sellers also set
quality and quantity standards of the commodities. Establishment of business rules and
regulations are done to satisfy the interests of the businessmen.

Various types of commodities are traded through commodity exchanges in India.
Agricultural commodities are also traded with full interests from traders. Commodity
exchanges in India also bring exclusive report on storing, pricing and transfer of every
commodity. This is done by managing various fields of market to stop any chaotic condition
(economic depression) in market commodities which might affect by worse economic factors.
In India there are 25 recognized commodity exchanges operating actively. Within them 18
commodity exchanges are domestic future exchanges. But, three of them are known as
national level multi commodity exchanges in India. These three sophisticated commodity
exchanges in India are National Commodity & Derivatives Exchange Limited (NCDEX),
Multi Commodity Exchange of India Limited (MCX) and National Multi Commodity
Exchange of India Limited (NMCEIL).

All these three commodity exchanges go online for Indian businessmen. They are designed
and modified on the basis of traditional business platform called “Adhat” and “Vayda
Vyapar”. This is done to provide better risk coverage proficient delivery of commodities for
Indian businessmen. Government of India takes ultimate control on all the above-mentioned
commodity exchanges in India under Forward Market Commission (FMC).

National Multi Commodity Exchange of India Limited (NMCEIL) which is the first online
multi-commodity exchange in India that goes through demutualization. The first granted
approval was given to NMCEIL to start trading with edible oil on 25th July, 2001. From 26th
November, 2002, NMCEIL becomes an active part of commodity exchanges in India through
various commodities. NMCEIL promotes commodities through its supporting managing
institutions. This support exclusively include Central Warehousing Corporation (CWC),
National Agricultural Cooperative Marketing Federation of India Limited (NAFED), Gujarat
Agro Industries Corporation Limited (GAIC), National Institute of Agricultural Marketing
(NIAM), Gujarat State Agricultural Marketing Board (GSAMB) and Neptune Overseas
Limited.
National Commodity & Derivatives Exchange Limited (NCDEX) has started its commodity
exchange operation from 15th December, 2003. This is the single and only commodity
exchange which is exclusively promoted and supported by institutions of national level.
These national level supportive institutions include ICICI Bank Limited, Life Insurance
Corporation of India (LIC), National Bank for Agriculture and Rural Development
(NABARD), National Stock Exchange of India Limited (NSE), Punjab National Bank (PNB),
CRISIL Limited, Indian Farmers Fertilizer Cooperative Limited (IFFCO) and Canara Bank.
NCDEX is a public limited company, located in Mumbai, India’s commercial hub.
Multi Commodity Exchange of India Limited (MCX) also has its headquarter in Mumbai. It
provides online trading, clearing and settlement operations across the sub-continent. MCX
has acquired permanent recognition from government of India and is known as an
independent commodity exchange. MCX has also gone through demutualization process and
started commodity trading in the month of November, 2003. MCX has strategic alliance with
Pulses Importers Association, Bombay Bullion Association, Solvent Extractors’ Association
of India, Bombay Metal Exchange and Shetkari Sanghatana. Key shareholders of MCX are
State Bank of India, Union Bank of India, Financial Technologies (India) Ltd., Canara Bank,
Corporation Bank and Bank of India.

Commodity exchanges in India play a crucial role in India’s economic development and
growth. If price of any commodity is not fixed then commodity exchanges determines the
price of that particular commodity in an organized way. The price is determined examining
right from grassroots level and it goes through producers, retail investors and even end-users.
Commodity exchanges have brought Indian buyers and seller in an equal importance to trade
and to do business swiftly.

NCDEX ( National Commodity and Derivatives Exchange of India Ltd.),
Mumbai
As internet has brought the world closer, on-line marketing and selling is taking place all over
the world. One of them in India is National Commodity & Derivates Exchange Limited
(NCDEX). It is an on-line multi-commodity exchange which is being managed by
professionals. NCDEX? Shareholders comprises of a lot many national level institutions,
public sector banks and various companies. On 23rd April 2003 the company was launched
under the Companies Act, 1956 and on 15th December 2003 its operation started. It is being
promoted by national level institutions and has a Board of Directors and professionals who do
not have interest in commodity markets. NCDEX received its Certificate for Commencement
of Business on 9th May 2003. ICICI Bank Ltd, LIC of India, NABARD and NSE are its
promoter shareholders. Some of other shareholders of NCDEX are Canara Bank, Punjab
National Bank, CRISIL Ltd., Indian Farmers Fertiliser Cooperative Ltd., Goldman Sachs,
Intercontinental Exchange, Shree Renuka Sugar Ltd, Build India Capital Advisors LLP and
Capital Services Ltd. FMC found NCDEX guilty of violating norms for price and thus on
3rd February 2006 one of its executive was sacked.

NCDEX has its head office in Mumbai and has more than 550 centres all over India. Mr. R.
Ramaseshan is the Managing Director and CEO of NCDEX. He is being assisted by Chief
Business Officer, Chief Operations & Technology, Chief Compliance Officer, Chief
Corporate Services and Risk Management staff. Mr. J. Sampath (Chief Compliance Officer),
Mr. Nirmalendu Jajodia (Chief Technology Officer), Mr. M.K. Ananda Kumar (Chief
Corporate Services) and Mr. Vijay Kumar (Chief Business Officer) assist Mr. R. Ramaseshan
in operating NCDEX. The Board of directors of NCDEX India has the responsibilities like
organizing, maintaining, controlling, managing, regulating and facilitating various operations
of the Exchange and of commodities by trading members and/or clearing members which are
subject to the provisions of the Forward Contracts (Regulation) Act 1952. The Board of
Directors appoints one or more executive committee for various responsibilities to handle the
functioning of NCDEX. It is being regulated by Forward Markets Commission and is
subjected to various laws like Forward Contracts (Regulation) Act, Companies Act, Contract
Act, Stamp Act and many more.

NCDEX is the only an economic good exchange in the country which is being promoted by
national level institutions. This online exchange is able to provide information of the products
which are in shortage in the market. The promoters and shareholders of NCDEX are
experienced players in their respective fields and thus are able to pool up their resources,
trust, technology and risk management skills to maintain NCDEX. NCDEX is a platform
where market participants for trading are able to get the best practices by best professionals
from all over the world and these trading practices are transparent.

Facilities Offered At NCDEX

NCDEX provides information product of agricultural commodity index which is called
NCDEXAGRI and this includes about 20 commodities. NCDEX offer these 20 commodities
are for trading. NCDEX offers two types of products Agricultural products and non-
agricultural products. Agricultural products includes rubber, pepper, spices, turmeric, jeera,
chilli, coriander, pulses, chana, fibres, V-787 Kapas, Shankar Kapas, cereals, wheat, barley,
maize-feed/industrial grade. NCDEX provides information product, the index futures, known
as FUTEXAGRI which indicates that if future on the index is being traded then current
FUTEXAGRI value will be somewhere near no-arbitrage value for the future index. These
are available for information only and not for trading. NCDEX has appointed clearing banks
which acts as funds settling agency for all deals which are cleared through exchange and/or
any other funds transaction between clearing members and the clearing house and between
clearing members.

NCDEX online exchange is one of the best facility available for online traders.

Commodities Traded at NCDEX
NCDEX currently facilitates trading of 57 commodities -

     Agri-based commodities - Castor Seed
     Chana
     Chilli
     Coffee - Arabica,
     Coffee - Robusta
     Cotton Seed Oilcake
     Crude Palm Oil
     Expeller Mustard Oil
     Groundnut (in shell)
     Groundnut Expeller Oil
     Guar gum
     Guar Seeds
     Gur, Jeera
     Jute sacking bags
     Kidney Beans
     Indian 28 mm Cotton
     Indian 31 mm Cotton
     Masoor Grain Bold
     Medium Staple Cotton
     Mentha Oil
     Mulberry Green Cocoons
     Mulberry Raw Silk
     Rapeseed - Mustard Seed
     Pepper
     Raw Jute
     RBD Palmolein
     Refined Soy Oil
     Rubber
     Sesame Seeds
     Soy Bean
     Sugar - Small
     Sugar - Medium
     Turmeric
     Urad (Black Matpe)
     V-797 Kapas
Yellow Peas
     Yellow Red Maize
     Yellow Soybean Meal.

Bullion -
     Gold 1 KG
     Gold 100gm
     Silver 30 KG
     Silver 5 KG

Energy -
     Brent Crude Oil
     Furnace Oil
     Light Sweet Crude Oil

Ferrous Metals-

     Mild Steel Ingot

Plastics-

     Polypropylene
     Linear Low Density Polyethylene
     Polyvinyl Chloride.

Non-Ferrous Metals-

     Aluminium Ingot,
     Copper Cathode
     Nickel Ingot
     Zinc Cathode

Definition of 'National Commodities And Derivatives Exchange - NCDEX'
India's largest and most recognized commodities exchange, which was established in 2003.
The exchange was founded by some of India's leading financial institutions such as ICICI
Bank Limited, the National Stock Exchange of India and the National Bank for Agricultural
and Rural Development, among others.

Investopedia explains 'National Commodities And Derivatives Exchange -
NCDEX'
The exchange is located in Mumbai, but has offices across the country to facilitate trade.
Trading is done on 45 commodities that are integral to India's economy. These include gold,
silver, Brent Crude oil, and rice, along with other agricultural products and base metals.
Multi Commodity Exchange (MCX)
Multi Commodity Exchange is a commodity exchange based in Mumbai, the financial capital
  of India. The MCX is a demutualized electronic multi commodity futures exchange, and
   enables future trading of various agricultural and non-agricultural commodities such as
Metals, Pulses, Oils, Fiber, Energy, Petrochemicals, Plantations, Cereals, Bullion and Spices
etc. As of 31st of December, 2007, the exchange was offering futures trading in 55 different
 commodities. Established in November 2003 by Financial Technologies, the MCX holds a
                 permanent recognition issued by the Government of India.

                                     Key Attributes
 Multi Commodity Exchange is said to be the most prominent commodity exchange in the
 country, and claimed 84% of the total commodity market share in the year 2008. Awarded
 with an ISO 9001:2000 accreditation for the quality standards maintained by it, MCX has
    partnered with ten renowned commodity exchanges of the world, including Tokyo
  Commodity Exchange, London Metal Exchange, Chicago Climate Exchange, New York
    Board of Trade, Bursa Malaysia Derivatives and New York Mercantile Exchange.

In terms of futures trading on a global level, Multi Commodity Exchange reportedly holds the
 1st rank in the trading of Silver, 2nd rank in Natural Gas and 3rd rank in Crude Oil and Gold
                                          commodities.

 Gold is the highest traded commodity upon the MCX and the average monthly turnover of
Gold trading was around US$ 29 Billion as of May 2007, while the average daily turnover of
                          the exchange was about US$ 2.4 billion.

                                 Nationwide Network
 Facing a competition from National Commodity & Derivatives Exchange Ltd. (NCDEX),
Multi Commodity Exchange has a network of around 10,000 trading terminals spread across
500 cities nationwide. The exchange also brings MCX COMDEX, which happens to be the
              only composite commodity futures price index existing in India.

                                       Social Activities
      Apart from playing a vital role in offering futures trading services to its customers
   nationwide, Multi Commodity Exchange also fulfils its social responsibilities, and duly
 follows its Corporate Social Opportunities (CSO) program. Under the CSO program, MCX
has taken a number of initiatives for various social causes. These initiatives include a Gramin
Suvidha Kendra (GSK), a Public Private Partnership (PPP) project in collaboration with India
 Post, and Pragati which is a project in partnership with Rotary International. Apart from it,
MCX has also partnered with various non-profit entities such as M S Swaminathan Research
   Foundation, Tata Energy Research Institute (TERI) and Indian Society for Agribusiness
        Professionals (ISAP), to recognize its social responsibilities in an active way.

                                        Head Office
                          Multi Commodity Exchange of India Ltd.
                                     Exchange Square,
                                 Suren Road, Andheri East,
                                  Mumbai - 400093, India.
                                    Tel. No. 6731 8888.
                                    Fax: 022 66494151
Email: info@mcxindia.com
                     Website: www.mcxindia.com

NMCE (National Multi-Commodity Exchange of India Ltd., Ahmedabad)

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Commodity mrket assignment

  • 1. What is a Commodity? A commodity may be defined as an article, a product or material that is bought and sold. It can be classified as every kind of movable property, except Actionable Claims, Money & Securities What is Commodity Exchange? Commodity Exchange is a common platform or institution, where market participants from varied spheres trade in a wide spectrum of commodity derivatives, just as how stock markets provide space for trading in equities and their derivatives Which is the regulatory body for commodities trading? The Forward Markets Commission (FMC) is the regulatory body for commodity futures / forward trade in India. You can mail them at fmc@bom5.vsnl.nic.in and visit their website at www.fmc.gov.in. In India there are 25 recognized commodity exchanges operating actively. Within them 18 commodity exchanges are domestic future exchanges. But, three of them are known as national level multi commodity exchanges in India. Commodities exchanges in India engage to trade in particular commodities. This trade does not comprise trade of securities, trade of stock index futures, trade of options and other market trading. The concept for commodity exchanges started in 19th century in Unites States for buying and selling commodities. It took almost three decades for government of India to allow commodity exchanges in India. Through commodity exchanges in India buying and selling of commodities are exclusively done for the sub-continent. Commodity exchanges in India provide an easy platform for Indian businessmen to buy and to sell commodities by organizing market forums. Commodity exchanges are like central market hub which provides a single meeting place for Indian buyers and sellers. Through this central market hub, Indian buyers and sellers also set quality and quantity standards of the commodities. Establishment of business rules and regulations are done to satisfy the interests of the businessmen. Various types of commodities are traded through commodity exchanges in India. Agricultural commodities are also traded with full interests from traders. Commodity exchanges in India also bring exclusive report on storing, pricing and transfer of every commodity. This is done by managing various fields of market to stop any chaotic condition (economic depression) in market commodities which might affect by worse economic factors. In India there are 25 recognized commodity exchanges operating actively. Within them 18 commodity exchanges are domestic future exchanges. But, three of them are known as national level multi commodity exchanges in India. These three sophisticated commodity exchanges in India are National Commodity & Derivatives Exchange Limited (NCDEX),
  • 2. Multi Commodity Exchange of India Limited (MCX) and National Multi Commodity Exchange of India Limited (NMCEIL). All these three commodity exchanges go online for Indian businessmen. They are designed and modified on the basis of traditional business platform called “Adhat” and “Vayda Vyapar”. This is done to provide better risk coverage proficient delivery of commodities for Indian businessmen. Government of India takes ultimate control on all the above-mentioned commodity exchanges in India under Forward Market Commission (FMC). National Multi Commodity Exchange of India Limited (NMCEIL) which is the first online multi-commodity exchange in India that goes through demutualization. The first granted approval was given to NMCEIL to start trading with edible oil on 25th July, 2001. From 26th November, 2002, NMCEIL becomes an active part of commodity exchanges in India through various commodities. NMCEIL promotes commodities through its supporting managing institutions. This support exclusively include Central Warehousing Corporation (CWC), National Agricultural Cooperative Marketing Federation of India Limited (NAFED), Gujarat Agro Industries Corporation Limited (GAIC), National Institute of Agricultural Marketing (NIAM), Gujarat State Agricultural Marketing Board (GSAMB) and Neptune Overseas Limited. National Commodity & Derivatives Exchange Limited (NCDEX) has started its commodity exchange operation from 15th December, 2003. This is the single and only commodity exchange which is exclusively promoted and supported by institutions of national level. These national level supportive institutions include ICICI Bank Limited, Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Limited (NSE), Punjab National Bank (PNB), CRISIL Limited, Indian Farmers Fertilizer Cooperative Limited (IFFCO) and Canara Bank. NCDEX is a public limited company, located in Mumbai, India’s commercial hub. Multi Commodity Exchange of India Limited (MCX) also has its headquarter in Mumbai. It provides online trading, clearing and settlement operations across the sub-continent. MCX has acquired permanent recognition from government of India and is known as an independent commodity exchange. MCX has also gone through demutualization process and started commodity trading in the month of November, 2003. MCX has strategic alliance with Pulses Importers Association, Bombay Bullion Association, Solvent Extractors’ Association of India, Bombay Metal Exchange and Shetkari Sanghatana. Key shareholders of MCX are State Bank of India, Union Bank of India, Financial Technologies (India) Ltd., Canara Bank, Corporation Bank and Bank of India. Commodity exchanges in India play a crucial role in India’s economic development and growth. If price of any commodity is not fixed then commodity exchanges determines the price of that particular commodity in an organized way. The price is determined examining right from grassroots level and it goes through producers, retail investors and even end-users.
  • 3. Commodity exchanges have brought Indian buyers and seller in an equal importance to trade and to do business swiftly. NCDEX ( National Commodity and Derivatives Exchange of India Ltd.), Mumbai As internet has brought the world closer, on-line marketing and selling is taking place all over the world. One of them in India is National Commodity & Derivates Exchange Limited (NCDEX). It is an on-line multi-commodity exchange which is being managed by professionals. NCDEX? Shareholders comprises of a lot many national level institutions, public sector banks and various companies. On 23rd April 2003 the company was launched under the Companies Act, 1956 and on 15th December 2003 its operation started. It is being promoted by national level institutions and has a Board of Directors and professionals who do not have interest in commodity markets. NCDEX received its Certificate for Commencement of Business on 9th May 2003. ICICI Bank Ltd, LIC of India, NABARD and NSE are its promoter shareholders. Some of other shareholders of NCDEX are Canara Bank, Punjab National Bank, CRISIL Ltd., Indian Farmers Fertiliser Cooperative Ltd., Goldman Sachs, Intercontinental Exchange, Shree Renuka Sugar Ltd, Build India Capital Advisors LLP and Capital Services Ltd. FMC found NCDEX guilty of violating norms for price and thus on 3rd February 2006 one of its executive was sacked. NCDEX has its head office in Mumbai and has more than 550 centres all over India. Mr. R. Ramaseshan is the Managing Director and CEO of NCDEX. He is being assisted by Chief Business Officer, Chief Operations & Technology, Chief Compliance Officer, Chief Corporate Services and Risk Management staff. Mr. J. Sampath (Chief Compliance Officer), Mr. Nirmalendu Jajodia (Chief Technology Officer), Mr. M.K. Ananda Kumar (Chief Corporate Services) and Mr. Vijay Kumar (Chief Business Officer) assist Mr. R. Ramaseshan in operating NCDEX. The Board of directors of NCDEX India has the responsibilities like organizing, maintaining, controlling, managing, regulating and facilitating various operations of the Exchange and of commodities by trading members and/or clearing members which are subject to the provisions of the Forward Contracts (Regulation) Act 1952. The Board of Directors appoints one or more executive committee for various responsibilities to handle the functioning of NCDEX. It is being regulated by Forward Markets Commission and is subjected to various laws like Forward Contracts (Regulation) Act, Companies Act, Contract Act, Stamp Act and many more. NCDEX is the only an economic good exchange in the country which is being promoted by national level institutions. This online exchange is able to provide information of the products which are in shortage in the market. The promoters and shareholders of NCDEX are experienced players in their respective fields and thus are able to pool up their resources, trust, technology and risk management skills to maintain NCDEX. NCDEX is a platform where market participants for trading are able to get the best practices by best professionals from all over the world and these trading practices are transparent. Facilities Offered At NCDEX NCDEX provides information product of agricultural commodity index which is called NCDEXAGRI and this includes about 20 commodities. NCDEX offer these 20 commodities are for trading. NCDEX offers two types of products Agricultural products and non- agricultural products. Agricultural products includes rubber, pepper, spices, turmeric, jeera,
  • 4. chilli, coriander, pulses, chana, fibres, V-787 Kapas, Shankar Kapas, cereals, wheat, barley, maize-feed/industrial grade. NCDEX provides information product, the index futures, known as FUTEXAGRI which indicates that if future on the index is being traded then current FUTEXAGRI value will be somewhere near no-arbitrage value for the future index. These are available for information only and not for trading. NCDEX has appointed clearing banks which acts as funds settling agency for all deals which are cleared through exchange and/or any other funds transaction between clearing members and the clearing house and between clearing members. NCDEX online exchange is one of the best facility available for online traders. Commodities Traded at NCDEX NCDEX currently facilitates trading of 57 commodities - Agri-based commodities - Castor Seed Chana Chilli Coffee - Arabica, Coffee - Robusta Cotton Seed Oilcake Crude Palm Oil Expeller Mustard Oil Groundnut (in shell) Groundnut Expeller Oil Guar gum Guar Seeds Gur, Jeera Jute sacking bags Kidney Beans Indian 28 mm Cotton Indian 31 mm Cotton Masoor Grain Bold Medium Staple Cotton Mentha Oil Mulberry Green Cocoons Mulberry Raw Silk Rapeseed - Mustard Seed Pepper Raw Jute RBD Palmolein Refined Soy Oil Rubber Sesame Seeds Soy Bean Sugar - Small Sugar - Medium Turmeric Urad (Black Matpe) V-797 Kapas
  • 5. Yellow Peas Yellow Red Maize Yellow Soybean Meal. Bullion - Gold 1 KG Gold 100gm Silver 30 KG Silver 5 KG Energy - Brent Crude Oil Furnace Oil Light Sweet Crude Oil Ferrous Metals- Mild Steel Ingot Plastics- Polypropylene Linear Low Density Polyethylene Polyvinyl Chloride. Non-Ferrous Metals- Aluminium Ingot, Copper Cathode Nickel Ingot Zinc Cathode Definition of 'National Commodities And Derivatives Exchange - NCDEX' India's largest and most recognized commodities exchange, which was established in 2003. The exchange was founded by some of India's leading financial institutions such as ICICI Bank Limited, the National Stock Exchange of India and the National Bank for Agricultural and Rural Development, among others. Investopedia explains 'National Commodities And Derivatives Exchange - NCDEX' The exchange is located in Mumbai, but has offices across the country to facilitate trade. Trading is done on 45 commodities that are integral to India's economy. These include gold, silver, Brent Crude oil, and rice, along with other agricultural products and base metals.
  • 6. Multi Commodity Exchange (MCX) Multi Commodity Exchange is a commodity exchange based in Mumbai, the financial capital of India. The MCX is a demutualized electronic multi commodity futures exchange, and enables future trading of various agricultural and non-agricultural commodities such as Metals, Pulses, Oils, Fiber, Energy, Petrochemicals, Plantations, Cereals, Bullion and Spices etc. As of 31st of December, 2007, the exchange was offering futures trading in 55 different commodities. Established in November 2003 by Financial Technologies, the MCX holds a permanent recognition issued by the Government of India. Key Attributes Multi Commodity Exchange is said to be the most prominent commodity exchange in the country, and claimed 84% of the total commodity market share in the year 2008. Awarded with an ISO 9001:2000 accreditation for the quality standards maintained by it, MCX has partnered with ten renowned commodity exchanges of the world, including Tokyo Commodity Exchange, London Metal Exchange, Chicago Climate Exchange, New York Board of Trade, Bursa Malaysia Derivatives and New York Mercantile Exchange. In terms of futures trading on a global level, Multi Commodity Exchange reportedly holds the 1st rank in the trading of Silver, 2nd rank in Natural Gas and 3rd rank in Crude Oil and Gold commodities. Gold is the highest traded commodity upon the MCX and the average monthly turnover of Gold trading was around US$ 29 Billion as of May 2007, while the average daily turnover of the exchange was about US$ 2.4 billion. Nationwide Network Facing a competition from National Commodity & Derivatives Exchange Ltd. (NCDEX), Multi Commodity Exchange has a network of around 10,000 trading terminals spread across 500 cities nationwide. The exchange also brings MCX COMDEX, which happens to be the only composite commodity futures price index existing in India. Social Activities Apart from playing a vital role in offering futures trading services to its customers nationwide, Multi Commodity Exchange also fulfils its social responsibilities, and duly follows its Corporate Social Opportunities (CSO) program. Under the CSO program, MCX has taken a number of initiatives for various social causes. These initiatives include a Gramin Suvidha Kendra (GSK), a Public Private Partnership (PPP) project in collaboration with India Post, and Pragati which is a project in partnership with Rotary International. Apart from it, MCX has also partnered with various non-profit entities such as M S Swaminathan Research Foundation, Tata Energy Research Institute (TERI) and Indian Society for Agribusiness Professionals (ISAP), to recognize its social responsibilities in an active way. Head Office Multi Commodity Exchange of India Ltd. Exchange Square, Suren Road, Andheri East, Mumbai - 400093, India. Tel. No. 6731 8888. Fax: 022 66494151
  • 7. Email: info@mcxindia.com Website: www.mcxindia.com NMCE (National Multi-Commodity Exchange of India Ltd., Ahmedabad)