Multi Commodity Exchange of India (MCX) is planning to launch a spot exchange in base metals which will help develop and discipline the fragmented physical market and complement the bourse's delivery-based futures market. The country's largest commodity exchange is a monopoly exchange in delivery-based base metals futures and options.
MCX, the leading commodity bourse, largely offers futures trading in nonagricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
