What is Multi Commodity Exchange (MCX)?
What is Multi Commodity Exchange (MCX)?
- Multi Commodity Exchange, as the name indicates is an exchange like BSE and NSE where commodities are traded.
- It is India’s independent commodity exchange based in India.
- In the quarter end of June 30, 2016, MCX was ranked No. 1 commodity exchange in India with a market share of 88.8%.
- It offers in future trading in non-ferrous metals, agricultural commodities and energy.
- Following are some of the commodities traded on MCX:
Bullion- Gold, Silver
Base Metals- Aluminium, Copper
Energy- Crude Oil, Natural Gas
