1. MCX
&
NCDEX

2. MCX
• Multi Commodity Exchange of India Limited
• Headquartered at Mumbai.
• Mr. Ashok Jha, IAS (Retd.) - Independent Chairman
• Mr. Jignesh Shah - Non-Executive Vice-Chairman
• It is state-of-the-art electronic commodity futures exchange.

3. • November 2003
• Market share of over 80%
• Sixth largest.

4. Normal Session Agri Monday to 10:00 AM TO 05:00 PM
Friday
Normal Session Agri Saturday 10:00 AM TO 02:00 PM
Normal Session Non-Agri Monday to 10:00 AM TO 11:30 PM
Friday*
Normal Session Non-Agri Saturday 10:00 AM TO 02:00 PM
Special Session All Monday to 09:45 AM TO 09:59 AM
Commodities Saturday

5. Dealing Alliance
• All futures contracts on MCX-SX are cash settled. There are no
physical contracts.
• Trading takes place on the dedicated terminals available to
the members of exchange.
• All participants on the MCX-SX trading platform have to
participate only through trading members of the Exchange.

6. • MCX-SX stands in as the counterparty for each transaction.
• All contracts that remain open at expiry are settled in Indian
rupees in cash at the reference rate specified by RBI.
• Square off.

7. METAL BULLION
Aluminium, Copper, Lead, Nickel, Steel Long (Bhavnagar), Steel Gold, Gold HNI, Gold M, i-gold, Silver, Silver HNI, Silver M,, Silver
Long (Govindgarh), Steel Flat, Tin, Zinc Micro
FIBER ENERGY
Cotton L Staple, Cotton M Staple, Cotton S Staple, Cotton Yarn, Brent Crude Oil, Crude Oil, Furnace Oil, Natural Gas, M. E. Sour
Kapas, Jute Crude Oil, ATF, Electricity(Now delisted), Carbon Credit
SPICES PLANTATIONS
Cardamom, Jeera, Pepper, Red Chilli, Turmeric, Cumin Seed,
Arecanut, Cashew Kernel, Coffee (Robusta), Rubber
Coriander
PULSES PETROCHEMICALS
Chana, Masur, Yellow Peas, Tur, Urad HDPE, Polypropylene(PP), PVC
OIL & OIL SEEDS
Castor Oil, Castor Seeds, Coconut Cake, Coconut Oil, Cotton Seed, Crude Palm Oil, Groundnut Oil, Kapasia Khalli, Mustard Oil, Mustard
Seed (Jaipur), Mustard Seed (Sirsa), RBD Palmolein, Refined Soy Oil, Refined Sunflower Oil, Rice Bran DOC, Rice Bran Refined Oil,
Sesame Seed, Soymeal, Soy Bean, Soy Seeds
CEREALS OTHERS
Guargum, Guar Seed, Gurchaku, Mentha Oil, Potato (Agra), Potato
Maize, Barley, Rice, Sharbati Rice, Basmati Rice, Wheat
(Tarkeshwar)

8. NCDEX
• National Commodity & Derivatives Exchange Limited
(NCDEX)
• Mr. R. Ramaseshan, Managing Director and CEO
• December 15, 2003.
• It offers futures trading in both agriculture and non-agriculture
commodities.

9. • The Exchange has eight shareholders:
• Risk management (CRISIL)
• Rural bank network (Canara Bank in the south and PNB in the
north)
• Technology (ICICI Bank), agriculture (NABARD);

10. • On-line trading technology and derivative trading (NSE).
• Market reach (IFFCO which has the largest number of farm
cooperatives);
• And expertise in institution building (LIC).

11. Normal Session Agri and Monday to 10:00A.M TO
Coal Friday 05:00P.M
Normal Session Saturday 10:00A.M TO
02:00P.M
Normal Session Non-Agri Monday to 10:00A.M TO
Friday 11:55P.M
Intra day square Not Not Allowed Not Allowed
off Allowed
Off line order Not Not Allowed Not Allowed
Timing Allowed

12. Advantages
• Can buy (go long) or sell (go short) commodity futures
contracts.
• Can trade with a small amount of capital.
• Volatility in some markets offers potential for quick profits.

13. Disadvantages
• Principal is not guaranteed.
• High risk due to leverage.
• High price volatility could lead to margin calls.