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INTRODUCTION
MISSION & VISSION
MILESTONES
TRADING AT MCX
TECHNOLOGY
DO ANDDONTSFOR CLIENTS
PRODUCTS
OVERVIEW
SOURCES
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National Level Online Multi Commodity Futures Exchange
Key Promoters
Financial Technologies (India) Ltd, State Bank of India,
Union Bank
Corporation Bank, Bank of India, Canara Bank,
State Bank of Indore Bank of Baroda
Operations from 300 cities with over 775 members & 3000TWS
First Indian Exchange to enter into an agreement with an International
Exchange (TOCOM)
Facilitating Cost effective and economic technology.
Real-time price & information dissemination through website and info vendors
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MCX shall accomplish the above vision by
relentlessly endeavoring to enhance
awareness and understanding of exchange-
enabled trade in commodity derivatives. The
Exchange will continue to minimize the
adverse effects of price volatilities; providing
commodity ecosystem participants withneutral, secure and transparent trade
mechanisms; formulating quality parameters
and trade regulations in conjunction with the
regulatory authority. Moreover, it will continue
to enforce a zero-tolerance policy toward
unethical trade practices-attempted or real-by
any participant/s; and invest in the all-rounddevelopment of the commodity ecosystem.
We envision a unified Indian commodity
market that is driven by market forces and
continually provides a level playfield for all
stakeholders ranging from the primary
producer to the end-consumer; corrects
historical aberrations in the system;
leverages technology to achieve exceptionalefficiencies and ultimately lead to a
common world market. We also envision a
brand image for MCX that identifies it as
the Exchange of Choice not only by direct
participants in the commodity ecosystem
but also by the general public.
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September 26, 2003 November 10, 2003 December 8, 2003 June 14, 2005 October 25, 2005 June 9, 2008
December 3, 2009 June, 2011 September 23, 2011 September, 2011 March 09, 2012
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Trading at MCX:
MCX uses TWC application which facilities the traders for fast exchange of
commodity.
Trading System:MCX matches the order on time priority logic.
Time related condition day order:
GTC GTD
IOC
Price condition limit order
Market order
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It follows a risk-based and portfolio-based approach. The MCXfollows 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.
Monday to Saturday: 9:45 a.m. to 9:59 a.m.
Saturdays: 10:00 a.m. to 2:00 p.m.Monday through Friday: 10:00 a.m. to 11:30 p.m.
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MCX infrastructure is a key factor in the exchanges development
and also allows faster trade executive.
CTCL
It tracks member margin utilization.
Needs constant technology upgrades.
Technology used at MCX is highly scalable and generate better
margins at greater volume.
MCXs technology handles daily trading volumes upto 10lakh.
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o Insist on filling up a standard 'Know Your Client (KYC)' form
before you commence trading
o Insist on getting a Unique Client Code (UCC) and ensure all
your trades are done under the said UCC.
o Insist on filling up a standard Member-Client Agreement.
o Insist on reading and signing a standard 'Risk Disclosure
Agreement'.
o Obtain a copy of your KYC, Member-Client Agreement and/ orother documents executed by you with the Member, from the
Member.
o Do not deal with any unregistered intermediaries.o Do not undertake off-market transactions as such transactions
are illegal and fall outside the jurisdiction of the Exchange.o Do not enter into assured returns arrangement with any
Membero Do not get carried away by luring advertisements, rumors, hot
tips, explicit/ implicit promise of returns, etc. `o
Do not accept unsigned/duplicate contract note.s
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GOLDAn oldest precious metal which has been valued as a
global currency, a commodity
Major Characteristics
Demand and Supply Scenario
Global Scenario
Indian Scenario
Factors Influencing the Market
Measurement Weight Conversion Table
Purity
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Major Characteristics
Global Scenario
World Natural Gas Market
Indian Scenario
Market Influencing Factor
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Headquartered in Mumbai, Multi Commodity Exchange
of India Ltd (MCX) is a state-of-the-art electronic
commodity futures exchange.
Having started operations in November 2003, today,
MCX holds a market share of over 85%
MCX is the 3rd largest commodity future exchange in
the world.
MCX offers more than 40 commodities across various
segments such as bullion, ferrous and non-ferrous
metals, energy.
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MCX has been certified to three ISO standards including ISO
Quality Management System standard, Environmental
Management System & Information Security Management System
Std (ISO).
MCX was the first exchange in India to initiate evening sessions.
It was launched in Indias first real time compost commodity
future index.
In 2009, it launched EFT transactions for the first time in India.
MCX has formed strategic alliances with a number of exchanges
such as the London Metal Exchange, the New York Mercantile
Exchange, the LIFFE Administration and Management (underrenewal), the Baltic Exchange Limited, Shanghai Futures
Exchange and Taiwan Futures Exchange.
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SOURCES
www.mcxindia.com
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