Multi Commodity Exchange of India

Multi Commodity Exchange of India Ltd. (MCX) is a state-of-the-art electronic commodity futures exchange based in Mumbai, India. The Exchange has forged strategic alliances with major International Exchanges such as the Euronext-LIFFE, London Metal Exchange (LME), New York Mercantile Exchange, Sydney Futures Exchange, Shanghai Futures Exchange (SHFE), The Agricultural Futures Exchange of Thailand (AFET), among others.

Achievements:

- Multi Commodity Exchange of India was honored as the “Best Commodity Exchange of the Year 2010” at the 7th Indian International Gold Convention 2010 in Goa, August 2010.

- The Exchange is the sixth largest and amongst the fastest growing commodity futures exchange in the world, in terms of the number of contracts traded in 2009.

- MCX was conferred with the FICCI Socio Economic Development Foundation (SEDF) CSR Award – 2009 for its flagship CSR project, Gramin Suvidha Kendra (GSK), a joint initiative with India Post.

- MCX was honoured as Best Bullion Exchange by Bombay Bullion Association in Mumbai in September 2008.

- It was recognized as "India's First Green Exchange" by Priyadarshini Academy in Mumbai in September 2008.

- MCX is the world's largest exchange in Silver, the second largest in Gold, Copper and Natural Gas and the third largest in Crude Oil futures, with respect to the number of futures contracts traded.

- MCX has been certified to three ISO standards including ISO 9001:2000 Quality Management System standard, ISO 14001:2004 Environmental Management System standard and ISO 27001:2005 Information Security Management System standard.

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Author

Kelvin Wong Loke Yuen is a highly experienced education writer. He has obtained many certifications from the UK, USA, Australia and Canada, including an MBA and a Postgraduate Diploma from Heriot-Watt (UK's World-Class University) and a BCom degree from Adelaide (Australia’s Group of Eight University). Follow him on: LinkedIn