 "MCX")
Thomson Reuters, in association with India’s largest commodity trading platform, the Multi Commodity Exchange of India (MCX), is launching a first-of-its-kind benchmark commodity indices on Tuesday.
To begin with, the exchange is introducing six indices in four different categories: composite, base metals, Indian bullion, and individual commodities. TRMCXCMP, the Thomson Reuters-MCX iCOMDEX Composite, the comprehensive composite index has a composition of 11 individual commodities with crude oil with the highest weight of 35.22 per cent, followed by gold with 22.2 per cent, and silver with 11 per cent. Every commodity is weighted two-thirds by its liquidity and one-third by its
