What is the MCX?
The Multi Commodity Exchange of India is the country’s largest commodity futures exchange. Based in Mumbai, it trades in bullion, non-ferrous metals, energy and agricultural commodities including crude palm oil and cotton.
Where have you heard about the MCX?
Unless you have strong ties with India, you might not have heard of the MCX, but it’s one of the world’s biggest commodity exchanges. Along with gold and silver, you can trade several commodities focused on the Indian economy such as cardamom and castor seed.
What you need to know about the MCX.
Since its launch in 2003, the MCX has grown rapidly, and is now India’s leading commodity derivatives exchange with a market share of about 90%, in terms of the value of commodity futures contracts traded in the first quarter of 2017.
The exchange’s flagship index, the MCX Comdex, is a real-time composite futures price index that provides traders and investors with information on market movements in key commodities.
The MCX offers live feeds for all traded commodities, which are published on various websites, including the Economic Times of India and Moneycontrol.
Find out more about the MCX.
Read our definitions of the London Metal Exchange and New York Mercantile Exchange to learn more about commodities markets.