The turnover of commodity exchanges in 2013-14 fell by 40.51% and stood at Rs 101.41 lakh crore compared to Rs 170.46 lakh crore in FY’13. The turnover slipped due to imposition of commodity transaction tax, sluggish participation in futures trade and poor markets sentiment due to NSEL scam during FY’14. The cumulative value of commodity bourses stood at Rs 95.13 lakh crore during April 2013 to February 2014 and Rs 6.27 lakh crore in March 14.
There are 17 commodity exchanges in the country, including MCX, NCDEX and NMCE, offering futures trading. Multi Commodity Exchange of India (MCX) remained the leading player with a turnover of Rs 86.58 lakh crore having 85.38% of market share, followed by National Commodity & Derivatives Exchange (NCDEX) having turnover of Rs 11.44 lakh crore and NMCE Rs 1.52 lakh crore in FY'14.
The cumulative turnover of commexes from bullion futures trade fell to Rs 43.08 lakh crore in FY’14 from Rs 78.62 lakh crore in FY’13. The major fall in bullion futures was because of high price volatility that prompted investors to stay away from the markets. The turnover of metals other than bullion stood at Rs 17.60 lakh crore in FY14. MCX remained leading bullion futures player with 99.46% market share with a turnover of Rs 42.85 lakh crore. The exchange also remained leader in metal trade with 98.66% market share having a turnover of Rs 17.37 lakh crore in FY’14.
In order to boost the trading volumes, FMC has given freedom to national-level bourses to charge different transaction fee. It has also allowed them to levy different transaction fee based on delivery and non-delivery based contracts.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: