MCX stands for Multi Commodity Exchange of India Limited and is headquartered at Mumbai. It is state-of-the-art electronic commodity futures exchange.
The demutualised Exchange is set up by Financial Technologies (India) Ltd (FTIL) and it has permanent recognition from the Government of India to facilitate online trading, and clearing and settlement operations for commodity futures across the country. It started its operations in November 2003 and now it has a market share of over 80% of the Indian commodity futures market, and has more than 2000 registered members operating through over 100,000 trader work stations, across India.The turnover of the exchange for the fiscal year 2009 was US$ 1.24 trillion, and in terms of contracts traded, it was in 2009 the world's sixth largest commodity exchange.In 2012, MCX has taken the third spot among the global commodity bourses in terms of the number of futures contracts traded. Based on the latest data from Futures Industry Association (FIA), during the period between January and June this year, about 127.8 million futures contracts were traded on MCX.
Key Shareholders of MCX -
Financial Technologies (I) Ltd., State Bank of India and its associates, National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Ltd. (NSE), Fid Fund (Mauritius) Ltd. - an affiliate of Fidelity International, Corporation Bank, Union Bank of India, Canara Bank, Bank of India, Bank of Baroda, HDFC Bank, SBI Life Insurance Co. Ltd., ICICI ventures,IL & FS, Merrill Lynch, and New York Stock Exchange
MCX COMMODITY TRADING TIMINGS
| Normal Session | Agri | Monday to Friday | 10:00 AM TO 05:00 PM |
| Normal Session | Agri | Saturday | 10:00 AM TO 02:00 PM |
| Normal Session | Non-Agri | Monday to Friday* | 10:00 AM TO 11:30 PM |
| Normal Session | Non-Agri | Saturday | 10:00 AM TO 02:00 PM |
| Special Session | All Commodities | Monday to Saturday | 09:45 AM TO 09:59 AM |
* Typically between November and March, the trade timings are extended upto 11:55 P.M on account of day light saving. Though, timings may vary on exchange discretion.
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