Multi Commodity Exchange of India Limited Overview
Pro stress-test →MCX commenced operation in November 2003 and is India's first listed, national-level, electronic exchange, and India's leading commodity derivatives exchange which offers fair price discovery and price risk management to the Indian commodity market ecosystem. The Exchange improved its global standing to become the world's 3rd largest by the number of Commodity Options contracts traded in 2023.
Strategic Profile
Pro stress-test →MCX has a 95.9% share in the commodity future market in FY24, controlling 100% of precious metals & stones, 99.61% in energy, and 99.80% in base metals. The company forms strategic alliances with leading international exchanges like CME Group and London Metal Exchange (LME).
Competitive Landscape
Pro stress-test →NCDEX is the 2nd largest player in the commodity future market, controlling the remaining 3.9% market share compared to MCX's 95.9%. MCX's overwhelming dominance across precious metals, energy, and base metals segments leaves minimal competition in these categories.
Industry Context
Multi Commodity Exchange of India Limited operates in Financial Data & Stock Exchanges / Commodity Derivatives Exchange.
Key facts
Founded: 2002 · Headquarters: Mumbai, India · Revenue: ₹666 crore Q3 · Market cap: ₹59,699 crore (~$7.1B USD)