MCX Attains Highest Market Share since October, 2013
August 18, 2014 - Mumbai, Maharashtra, India
Earlier, the August 2014 Gold kg contract traded on MCX witnessed physical delivery of 1,110 kg, the highest volume delivered in the Gold kg contract during the last one year. In terms of value, this translates into more than Rs. 300 crores of delivered quantity.
The market seems buoyant at these developments. “Confidence of participants in the commodity markets and the institutions is returning. No doubt the continuous effort of the Exchange’s management during the trough phase has been a key factor", Mr. Jayant Manglik, President, Religare Securities Ltd, commented.
Mr. P.K. Singhal, Executive Vice President of MCX said, “We are grateful to the market participants, particularly hedgers, for continuing to repose their faith in MCX”.
Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India’s first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India. MCX offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. Various commodities across segments are traded on MCX. These include bullion, energy, metals and agri commodities. The exchange has forged strategic alliances with various Indian and International commodity exchanges and business associations.
Source: Business Wire India