Multi Commodity Exchange of India (MCX) has achieved the highest market share of 83.4% during the first fortnight of August since the collective impact of a payment crisis at National Spot Exchange (NSEL) and the Commodity Transaction Tax (CTT) hit the bourse in 2013.
While its market stood at 86% during the July - September 2013 quarter, at a time when these two factors were playing out, there was a dip thereafter, culminating into a 78.4% market share during the latter half of 2013?14. However, MCX’s market share held steady at above 80% beginning April 2014 and clocked a high of 83.4% by the first fortnight of August 2014. The bourse, meanwhile, maintained its market share in non?agricultural commodities above 99% since Q2 2013?14.
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 crore of delivered quantity.