We're giving MCX a stable cost base to ramp up profits: Mrugank Paranjape

In a Q&A with Business Standard, MD & CEO of the commodity bourse says he expects Sebi to allow trading in MFs, PMS and index-based derivatives this quarter

Daily average volumes on the Multi Commodity Exchange during the three month-period ended December 31, 2018, were the highest in the past 22 quarters since commodity transaction tax (CTT) was imposed, due to which there has been a sharp improvement in profits. In interview with Rajesh Bhayani, the exchange’s MD & CEO, Mrugank Paranjape said, “we are making MCX a company with stable treasury income and a predictable cost structure.” Edited excerpts: 

How have the past three months, during which there has been a sharp increase in competition, affected business at MCX?

Competition can and should increase the overall size