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MCX, Thomson Reuters Join Hands to launch co-branded commodity indices in India

18 Jul 2017 Evaluate

Multi Commodity Exchange of India (MCX) has joined hands with Thomson Reuters to launch co-branded commodity indices in India. As a part of the agreement, MCX and Thomson Reuters will work together to create, govern, maintain and market a series of new commodity indices by tracking the performance of commodity derivatives listed on MCX.

The indices will be created and maintained by Thomson Reuters in accordance to the principles of best practices laid down by the International Organisation of Securities Commissions (IOSCO) for financial benchmarks. MCX will have the exclusive rights to list the co-branded indices on its own platform for trading, while Thomson Reuters will sub-license the indices to institutions such as mutual funds, Alternative Investment Funds, among others, for the purposes of benchmarking, portfolio construction and other associated products, as and when permitted by SEBI.

MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.

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