The Multi Commodity Exchange of India (MCX) is a state-of-the-art, commodity derivatives Exchange operating under the regulatory framework of Securities and Exchange Board of India (SEBI). The company facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. MCX offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities, as also on indices constituted from these contracts. It is India’s first Exchange to introduce commodity options, and futures contracts on bullion, base metals and energy indices. The Exchange focuses on providing commodity value chain participants with neutral, secure and transparent trade mechanisms, and formulates quality parameters and trade regulations, in conformity with the regulatory framework. The Exchange has an extensive national reach.

The Exchange’s flagship index series, MCX iCOMDEX, is a series of real-time commodity futures price indices, which give information on market movements in key commodities/ segments traded on MCX. The MCX iCOMDEX series consists of a Composite index, apart from three sectoral indices: the Base Metal index (MCX METLDEX), the Bullion index (MCX BULLDEX) and the Energy index (MCX ENRGDEX), and eight single-commodity indices: Gold, Silver, Aluminium, Copper, Lead, Zinc, Crude Oil and Natural Gas indices. MCX is the first Exchange to launch Electricity Futures in India.

MCX has been certified with ISO standards, ISO 9001:2015 Quality Management System, ISO 14001:2015 Environment Management System, ISO 22301:2019 Business Continuity Management System and ISO/IEC 27001:2022 Information Security Management System.

Business area of the company

MCX is India’s leading Commodity Derivatives Exchange. With pan-Indian presence, MCX serves as a dynamic platform for the Indian commodity market ecosystem, offering dual advantages of fair price discovery and efficient risk management. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices.

Products

MCX provides exposure to the performance of a basket of commodities under various categories:

MCX iCOMDEX

• MCX BULLDEX
  
• MCX METLDEX

Bullion

• Gold
• Gold Mini
• Gold Ten
• Gold Guinea
• Gold Petal
• Silver
• Silver Mini
• Silver Micro
• Silver 100

Base Metals 

• Aluminium
• Aluminum Mini
• Copper
• Lead
• Lead Mini
• Nickel
• Steel Rebar
• Zinc
• Zinc Mini

Energy 

• Crude Oil
• Crude Oil Mini
• Electricity
• Natural Gas
• Natural Gas Mini

Agri commodities 

• Cardamom
• Cotton
• Cotton Seed Wash Oil
• Crude Palm Oil
• Kapas
• Mentha Oil

Awards

2008:

• Received the “Best Bullion Exchange of the Year” award from the Bombay Bullion Association.
• Recognised as “India’s First Green Exchange” by Priyadarshini Academy.
  
• Awarded the “Golden Peacock Eco-innovation award 2008” by the Institute of Directors.

2009:

• Received the “Sankalp Award” for Agriculture and Rural Innovation.

2010:

• Received the “Best Commodity Exchange of the Year” award from the Bombay Bullion Association.
  
• Conferred with the FICCI Socio Economic Development Foundation (SEDF) Corporate Social Responsibility Award 2009-10.
  
• Received the NASSCOM Foundation Social Innovation Honours 2010.

2011:

• Conferred with the Best Commodity Exchange of the year award by the Bombay Bullion Association at the 8th India International Gold Conventions, held at Kochi.
  
• Won the Indy’s award under the category ‘Best in Corporate Social Responsibility practices’.
  
• Conferred with the “Financial Inclusion Award 2011” from the SKOCH Foundation.

2012:

• FinanceAsia awards MCX IPO as the ‘Best Mid-cap Equity Deal’ in the entire Asia-Pacific for 2012; 1st exchange in the Asia Pacific to receive this recognition.
  
• MCX’s Gold Petal contract received the FOW award for ‘the most innovative contract launch by an exchange’ under the metals category.
  
• Conferred with the Best Commodity Exchange of the year award by the Bombay Bullion Association at the 9th India International Gold Conventions, held at Hyderabad.
  
• Conferred with the Business Superbrand award.

2013:

• The ‘Best Commodity Exchange of the year’ award by Global Cotton Conference.

2015:

• Honoured with the ‘Best Commodity Exchange Award’ at the India International Bullion Summit organised by IBJA.
  
• Recognised as the ‘Exchange of the year for Investor Education and Awareness’ by Commodity Participants Association of India (CPAI).

2016:

• Awarded as the ‘Best Bullion Exchange 2016’ by Assocham, September, 2016.
  
• Honoured with the ‘Best Commodity Exchange’ Award 2016 at the Bullion Federation Global Convention.
  
• Won the ‘Best Commodity Exchange’ Award at the 14th Commodity Futures Market Summit & Excellence Awards, organized by Assocham.

2017:

• Recognized by Assocham, for being ‘India’s Leading Commodity Exchange and introducing new products in the Commodity Derivatives Market’, December 2017
  
• Awarded the ‘Best Commodity Exchange of India’, 2017 by the PHD Chamber of Commerce and Industry
  
• Awarded the ‘Best Commodity Exchange of the Year 2016-17’ at the India International Gold Convention 2017, August 2017
  
• Honoured with ‘Best Bullion Exchange of the Year 2017’ award by the Bullion Federation of India, August 2017
  
• Awarded the ‘Best Commodity Exchange of the Year’ 2016-17 by CPAI
  
• Recognized as the ‘Best Promising Commodity Exchange 2017’ by IBJA, March, 2017
  
• Honoured with ‘Exchange of the Year’ award by Assocham, March, 2017

2018:

• Awarded the ‘Best Exchange in Bullion’ 2018, at the Assocham - 11th International Gold Summit, September 2018
  
• Honoured as the ‘Best Commodity Exchange’ 2018, by PHD Chamber of Commerce and Industry, September 2018
  
• Awarded the ‘Best Commodity Exchange’ at the India International Gold Convention, August 2018
  
• Awarded the ‘Best Commodity Exchange’ at the Bullion Federation Global Convention (BFGC), July 2018
  
• Honoured with the ‘Best Commodity Exchange’ Award, by Assocham, July 2018
  
• Honoured with the ‘Best Commodity Exchange’ Award by the Commodity Participants Association of India (CPAI), June 2018
  
• Honoured with the ‘Best Commodity Exchange’ Award by Indian Bullion & Jewellers Association (IBJA), March 2018

2019:

• Awarded the ‘Best Commodity Exchange’ at the India International Gold Convention, August 2019
  
• Awarded the ‘Best Exchange For Bullion, Metals and Energy’ by Commodity Participants Association of India (CPAI), July 2019
  
• Honoured with the ‘Best Commodity Exchange’ Award at the India International Bullion Summit, March 2019

Milestones

• 2002: Incorporated
  
• 2003: Commenced operations on November 10
  
• 2005: Licensing agreement with LME
  
• 2006: Product licensing agreement with NYMEX (CME Group)
  
• 2008: Became a member of the International Organisation of Securities Commissions (IOSCO)
  
• 2012: Became India’s first listed exchange
  
• 2013: Changes in top management and Board
  
• 2015: Sign MoU with CME Group
  
• 2017: Launched first-ever Gold Options contract on futures in India
  
• 2018: Launched first-ever Brass futures contract in the world
  
• 2018: Launched Options contract in Crude Oil, Silver, Copper & Zinc
  
• 2019: Introduced real time MCX iCOMDEX Excess Return index series including composite, sectoral (bullion & metal) and single commodity ER indices.
  
• 2019: Conversion of all MCX Base Metals futures contracts to delivery-based settlement mode from Both-options settlement mode from March 2019 and onwards.
  
• 2019: Successfully introduced 1 gram delivery based Gold Petal Contract.
  
• 2019: Signed MoU with Zhengzhou Commodity Exchange.
  
• 2019: Launch of Kapas Contract.
  
• 2020: Conversion of Silver Mini (5 kg) & Micro (1 kg) into delivery based contracts.
  
• 2020: Launching of deliverable 'Option in goods' with Gold 100 grams and Silver 5 kg as underlying.
• 2020: Launched the Rubber contract on December 28, 2020.
• 2020: Launched futures on the MCX iCOMDEX Base Metal Index (METLDEX) on October 19, 2020, and became the first Indian exchange to have derivatives on an index of Base Metals.
• 2020: Launched futures on the MCX iCOMDEX Bullion index (BULLDEX), India’s first bullion index, on August 24, 2020.
• 2021: Entered MoU with European Energy Exchange AG (EEX) for knowledge sharing and exchanging of expertise on Electricity derivative products on July 5, 2021.
• 2021: Launched futures on the MCX iCOMDEX Energy index (ENRGDEX), India’s first energy index, on October 7, 2021.
• 2021: Empanelled domestic refiners as per “MCX Good Delivery Norms for BIS-Standard Gold / Silver” for delivery in Gold Mini (100 grams) futures and option contracts w.e.f. March 6, 2021.
• 2021: Signed MoU along with NSE, India INX, NSDL, CDSL for setting up International Bullion Exchange at GIFT City on March 1, 2021
• 2022: Launched Options Trading on Gold Mini futures on April 25, 2022.
• 2022: Signed a consultancy agreement to collaborate for establishment of the first commodity derivatives platform in Bangladesh with Chittagong Stock Exchange Limited (CSE), on April 12, 2022.
• 2022: Empanelled domestic Lead producers as acceptable good delivery brands w.e.f. February 17, 2022.
• 2022: Launched Options Trading on Natural Gas on January 17, 2022.
• 2023: Migrated to new Commodity derivatives platform on October 16, 2023.
• 2023: Launched an Online Web based Platform for Arbitration and Appellate Arbitration on January 10, 2023.
• 2024: Inked an MoU for knowledge sharing and regional development with Jakarta Futures Exchange (JFX) on February 26, 2024.
• 2024: Launched Steel Rebar Futures Contracts on January 15, 2024.
• 2025: Launched Options on MCX BULLDEX on October 27.
• 2025: Nickel Futures Contract launched on August 18, with differential trading and delivery units.
• 2025: Launched India’s first Electricity Futures Contract on July 10.
• 2025: Launched Cardamom, Gold (10grams) Futures Contracts.
• 2025: Introduced monthly Gold and Silver options on bimonthly underlying futures.
• 2026: MCX received approval from the SEBI to invest in a proposed Coal Exchange company.