Financial Daily from THE HINDU group of publications
Thursday, Apr 08, 2004
Financial Daily from THE HINDU group of publications Thursday, Apr 08, 2004 |
||
|
|
||
|
Agri-Biz & Commodities
-
Commodity Exchanges MCX completes 100 days of live trading Our Bureau
Mumbai , April 7 MULTI Commodity Exchange of India Ltd (MCX), Mumbai has completed 100 days of live trading, according to an exchange release. MCX, a commodity futures exchange with a mandate from the Government had started live commodities futures trading on November 10, 2003, in three major commodities namely gold, silver and castor seed.Within a short span of 100 days, daily turnover on MCX has recorded a high of Rs 180 crore, highest ever among all futures commodity exchanges in the country, the exchange claimed. The exchange has also posted high open interest figures (Rs 100 crore) indicating efficient trading practices. MCX has also augmented its portfolio of commodities available for trading. Currently, it offers an array of 14 different commodities such as steel, kapas, rubber, black pepper, oil and oilseeds, precious metals, amongst others are traded on the exchange. With more than 600 live trading terminals; MCX has its members trading from 19 States with penetration in more than 121 cities and towns across the country. On the completion of 100 days of live trading, Mr Jignesh Shah, Managing Director, MCX, said,
More Stories on : Commodity Exchanges
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|