MCX bags the
‘Best Commodity Exchange Award’ from ASSOCHAM
Multi Commodity Exchange of India Ltd (MCX),
India’s No. 1 commodity exchange has won the Best Commodity Exchange Award at
the 14th Commodity Futures Market Summit & Excellence Awards, organized
by ASSOCHAM in New Delhi today. MCX has been given the award for its
contribution in providing a robust and efficient platform for price discovery
and risk management across a wide range of segments in India’s commodity futures
market.
The award, presented by Shri Radha Mohan Singh, Hon’ble Union Minister of Agriculture, recognizes
MCX’s commitment towards developing the commodity futures market in India
through product innovation, cutting-edge technology and incessant efforts
towards awareness creation for meeting the unmet demand for price discovery and
risk management of all stakeholders.
Through extensive research and market feedback,
MCX has been offering products and services with specifications that perfectly meet
the needs of its diverse customer base in a cost effective manner. The
innovations in MCX’s products and services facilitate users to hedge price
risks in international commodities within the country, thereby enabling to them
attain efficiency and competitiveness without having to use a foreign exchange
platform. Today, with more than 6 lakh trading terminals (including CTCL) in
about 1800 towns and cities across the country, MCX has emerged as the
undisputed leader in the commodity market space.
Mr. P. K. Singhal, Joint
Managing Director, MCX, receiving the award, said,
“Being
recognized as the Best Commodity Exchange by a national-level industry
association like ASSOCHAM is a testimony to the efforts we made in the last two
years to re-gain the trust of our stakeholders and emerge as the exchange of
choice. With a slew of strategic initiatives, systemic improvements and
educational initiatives undertaken since 2014, MCX has retained its
pre-eminence not only in volumetric and financial terms, but also in maintaining
the mindshare and trust of all its stakeholders.”
About 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
international exchanges, as well as Indian and international trade
associations. For more information about MCX and its products visit www.mcxindia.com
For further details,
contact:
Shivani Sharma
Manager - Communications
Mobile: +91 98333 76243
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