Awareness Programmes jointly organized by MCX &
various bullion, and industrial associations in Tamil Nadu
Base Metal
& Bullion Price Risk Management in the Wake of Volatile Commodity Markets
Awareness Programmes jointly organized by MCX &
various bullion, and industrial associations in Tamil Nadu
Madurai (Tamil Nadu), March 07, 2016:
In keeping with its commitment to further the
education and awareness about the commodity futures market in India and the
benefits it offers, MCX organized several programmes on base metal and bullion
price risk management in four cities—Rajapalayam, Sankaranakovil, Namakkal, and
Madurai in Tamil Nadu last week.
These programmes were jointly organized with various
bullion and industrial associations in the region, such as Jewellery Owners
Associations, The Namakkal Shroff & Jewellery Manufacturers Association,
and Kappalur Industrial Estate Manufacturers Association.
Some significant aspects of commodity futures market
such as introduction to commodity derivatives, benefits of futures trading and
role of commodity futures exchanges, importance of price discovery and price
risk management, and regulatory perspective, among others, were explained in
detail to the participants.
The experts during the sessions provided an overview
about the wide ranged product basket offered by the Exchange in bullion, base
metals, energy, and agri segments.
 |
| T. G Senthilvelan, Assistant Vice President- Business Development, MCX, |
Mr. T. G Senthilvelan, Assistant Vice
President-Business Development, MCX, “The robust base
metals and bullion futures platform on MCX, which offers a cost-effective and
highly efficient avenue for risk management, comes as a critical institution
for the market participants, especially at a time when the prices of
commodities have displayed significant levels of volatility.”
The presidents of all the associations jointly
opined that Commodity exchanges such as MCX are playing a pivotal role in the
Indian economy by offering a variety of benefits to a large number of
participants, including base metal and bullion stakeholders through efficient
price discovery, price risk management through hedging. The market
participants, including us, can now timely and effectively plan our business
strategies, thus enabling us to mitigate the price exposures.
These interactive programmes substantially benefit
the participants in the commodity market ecosystem, to effectively use the
commodity futures market as a risk management platform and also as a platform
for providing referenceable benchmark pricing.
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
Multi Commodity Exchange
Phone: +91 -22 67318888 Extn: 9282
Mobile : 9833376243
E mail: shivani.sharma@mcxindia.com
URL: www.mcxindia.com
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