MCX obtains IOSCO membership

Multi Commodity Exchange, the country's largest commodity exchange has obtained the membership of International Organization of Securities Commission (IOSCO), the prestigious association of world's regulatory bodies and exchanges. MCX is the first commodity exchange in India to have gained membership of IOSCO.

“This association will benefit MCX by way of exchange of ideas and information sharing with other IOSCO global members on various dynamic regulatory and operation issues,” said Joseph Massey, MD and CEO of the exchange.

IOSCO is an international organization that brings regulators of world securities and futures market together. The key objective of IOSCO is to promote high standard of regulations to protect investors, reduce systemic risk and ensure that markets are fair, efficient and transparent. Among other Indian exchanges, National Stock Exchange and Bombay Stock Exchange are the only exchanges to have become members of IOSCO, which also boasts of a number of prominent exchanges on its membership list.