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INTRO

Wondering about how to trade in MCX in India? If you are new to commodity trading India, you might be wondering about how to trade in MCX in India. Well, the first thing to know is that the MCX or the multi commodity exchange is a commodity exchange based in India that functions independently. The turnover for the exchange in the year2009 was an amazing $1.24 trillion. The exchange was established in the year 2003 and is currently based in Mumbai. When you consider the contracts that are traded here, the MCX in India is ranked 6th in the world! The MCX offers futures trading in ferrous and non ferrous metals, bullions , energy and a variety of other agricultural commodities like cardamom, palm oil etc. The forwards market commission is the main regulator. Wondering about how to trade in MCX commodity? Here are some interesting facts!

MORE ABT MCX


It is the top ranked commodity exchange in India and enjoys about 83% of the market share in the country. The main competitor of the exchange is the National Commodity And Derivatives Exchange Ltd. The main item traded on the MCX is gold It has several important alliances with leading exchanges across the world. It functions across 800 cities and towns in India through a network of 126000 trading terminals.

How to Trade in MCX in India-The How to trade in MCX guide


All trading that takes place on the MCX takes place through a nationwide electronic platform that can be accessed from different points. The MCX should be your clear choice if you want to invest in energy or precious metal futures in the country. Although the exchange is based in India, investors from around the world can trade on the MCX. When youre wondering how to trade in MCX commodity, you should know that there are different investment vehicles under the MCX. The reason is simple- someone whos interested in gold and silver investments

may not have the same interests as those who are interested in other commodities. There are 4 different investment options under MCX-MCXCOMDEX, MCXMETAL, MCX ENERGY and MCXAGRL. You should also know that trading at the MCX involves keeping a constant watch over trading. If you want to make the most out of your investment, you have to keep in touch with the market on a constant basis. This will help you keep track of price movements on the market.

NCDEX
National Commodity & Derivatives Exchange Limited (NCDEX) is an online commodity exchange based in India. It was incorporated as a private limited company incorporated on 23 April 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of Business on 9 May 2003. It has commenced its operations on 15 December 2003. NCDEX is a closely held private company which is promoted by national level institutions and has an independent Board of Directors and professionals not having vested interest in commodity markets.

Facilities offered
NCDEX also offers as an information product, an agricultural commodity index. This is a composite index, called NCDEXAGRI that convers 20 commodities currently being offered for trading by NCDEX. This is a spot-price based index. NCDEX also offers as an information product, the index futures, called FUTEXAGRI. This is essentially a what-if index. It indicates, that if futures on the index could be traded, then the current FUTEXAGRI value should be the no-arbitrage value for the index futures. However, indexes and index futures are not allowed to be traded under the current regulatory structure. Hence, these are only available for information, as of now.

Consortium of Shareholders
Jaypee Capital[1] Renuka Sugars Life Insurance Corporation of India (LIC) National Bank for Agriculture and Rural Development (NABARD) National Stock Exchange of India (NSE) Punjab National Bank (PNB) CRISIL Limited (formerly the Credit Rating Information Services of India Limited) Indian Farmers Fertiliser Cooperative Limited (IFFCO) Canara Bank Goldman Sachs ICE

NCDEX is a public limited company incorporated on 23 April 2003 under the Companies Act, 1956. NCDEX is regulated by Forward Market Commission (FMC) in respect of futures trading in commodities. Besides, NCDEX is subjected to various laws of the land like the Companies Act, Stamp Act, Contracts Act, Forward Commission (Regulation) Act and various other legislations, which impinge on its working. On 3 February 2006, the FMC found NCDEX guilty of violating settlement price norms and ordered the exchange to fire one of their executive. NCDEX is located in Mumbai and offers facilities in more than 550 centres in India.