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Transcript of Mcx
MCX&
NCDEX
MCX• Multi Commodity Exchange of India Limited
• Headquartered at Mumbai.
• Mr. Ashok Jha, IAS (Retd.) - Independent Chairman
• Mr. Jignesh Shah - Non-Executive Vice-Chairman
• It is state-of-the-art electronic commodity futures exchange.
• November 2003
• Market share of over 80%
• Sixth largest.
Normal Session Agri Monday to Friday
10:00 AM TO 05:00 PM
Normal Session Agri Saturday 10:00 AM TO 02:00 PM
Normal Session Non-Agri Monday to Friday*
10:00 AM TO 11:30 PM
Normal Session Non-Agri Saturday 10:00 AM TO 02:00 PM
Special Session All Commodities
Monday to Saturday
09:45 AM TO 09:59 AM
Dealing Alliance• All futures contracts on MCX-SX are cash settled. There are no physical contracts.
• Trading takes place on the dedicated terminals available to the members of exchange.
• All participants on the MCX-SX trading platform have to participate only through trading members of the Exchange.
• MCX-SX stands in as the counterparty for each transaction.
• All contracts that remain open at expiry are settled in Indian rupees in cash at the reference rate specified by RBI.
• Square off.
METAL BULLION
Aluminium, Copper, Lead, Nickel, Steel Long (Bhavnagar), Steel Long (Govindgarh), Steel Flat, Tin, Zinc
Gold, Gold HNI, Gold M, i-gold, Silver, Silver HNI, Silver M,, Silver Micro
FIBER ENERGY
Cotton L Staple, Cotton M Staple, Cotton S Staple, Cotton Yarn, Kapas, Jute
Brent Crude Oil, Crude Oil, Furnace Oil, Natural Gas, M. E. Sour Crude Oil, ATF, Electricity(Now delisted), Carbon Credit
SPICES PLANTATIONS
Cardamom, Jeera, Pepper, Red Chilli, Turmeric, Cumin Seed, Coriander Arecanut, Cashew Kernel, Coffee (Robusta), Rubber
PULSES PETROCHEMICALS
Chana, Masur, Yellow Peas, Tur, Urad HDPE, Polypropylene(PP), PVC
OIL & OIL SEEDS
Castor Oil, Castor Seeds, Coconut Cake, Coconut Oil, Cotton Seed, Crude Palm Oil, Groundnut Oil, Kapasia Khalli, Mustard Oil, Mustard Seed (Jaipur), Mustard Seed (Sirsa), RBD Palmolein, Refined Soy Oil, Refined Sunflower Oil, Rice Bran DOC, Rice Bran Refined Oil, Sesame Seed, Soymeal, Soy Bean, Soy Seeds
CEREALS OTHERS
Maize, Barley, Rice, Sharbati Rice, Basmati Rice, Wheat Guargum, Guar Seed, Gurchaku, Mentha Oil, Potato (Agra), Potato (Tarkeshwar)
NCDEX• National Commodity & Derivatives Exchange Limited
(NCDEX)
• Mr. R. Ramaseshan, Managing Director and CEO
• December 15, 2003.
• It offers futures trading in both agriculture and non-agriculture commodities.
• The Exchange has eight shareholders:
• Risk management (CRISIL)
• Rural bank network (Canara Bank in the south and PNB in the north)
• Technology (ICICI Bank), agriculture (NABARD);
• On-line trading technology and derivative trading (NSE).
• Market reach (IFFCO which has the largest number of farm cooperatives);
• And expertise in institution building (LIC).
Normal Session Agri and Coal
Monday to Friday
10:00A.M TO 05:00P.M
Normal Session Saturday 10:00A.M TO 02:00P.M
Normal Session Non-Agri Monday to Friday
10:00A.M TO 11:55P.M
Intra day square off
Not Allowed
Not Allowed Not Allowed
Off line order Timing
Not Allowed
Not Allowed Not Allowed
Advantages • Can buy (go long) or sell (go short) commodity futures
contracts.
• Can trade with a small amount of capital.
• Volatility in some markets offers potential for quick profits.
Disadvantages• Principal is not guaranteed.
• High risk due to leverage.
• High price volatility could lead to margin calls.