MCX becomes World’s 6th largest Exchange on the Strength of Metal and Energy.

MCX, India’s No. 1 Commodity Exchange, has become the 6th largest and amongst the fastest growing commodity futures exchange in the world in terms of the number of contracts traded during the period
Jan to Dec 2009.

With a vision to be amongst the top commodity futures exchange in the world, MCX will celebrate 2010 as a ‘Year of Metal and Energy’.The key commodity segments that enabled MCX to attain the 6th position globally are Bullion, Base Metals and Energy.

Metals and Energy segments contribute more than 95% to MCX’s volumes.In addition, MCX has become the largest exchange in Silver; the second largest in Gold, Copper and Natural Gas and the
third largest in Crude Oil futures in the world, in terms of number of futures contracts traded during the calendar year 2009.

For the period January to December 2009, the total number of contracts traded on MCX in Silver, Gold, Copper, Natural Gas and Crude Oil futures were 28.51 million, 30.42 million, 29.60 million, 11.12 million and 41.09 million.

On this development, Mr. P.K Singhal, Deputy Managing Director, MCX, said, “We are proud to be the world’s 6th largest commodity futures exchange and one of the best exchanges globally from the eastern part of the world.This development establishes India’s status as a ’Price Setter’ from being a ’Price Taker’. We are committed to make MCX the best commodity exchange in the world.


Metals and Energy segments are the key contributors to our success and these have enabled us to become the 6th largest exchange within 6 years of commencement of our operations. We have decided to provide special status to metals and energy segments, for the year 2010, with an aim to move up further in the global chart.Prices of MCX in Gold, Silver, Copper, Nickel, Zinc as well as Crude Oil have become reference points for the spot market and have become a basis for decision making for the participants of the ecosystem.

This price has become a benchmark price since India has a significant share of trade in metal and energy segments giving India its rightful place as a “Price Setter’’.