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Oil, rouble volatility bring down MCX ranking on global commexes

Russia's Moscow Exchange has seen an increase in crude oil trading

Oil, Market, US, Brent Crude, WTi
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A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen in the North Sea, around 100 miles east of Aberdeen in Scotland, Britain

Rajesh Bhayani Mumbai
India’s largest commodity exchange, MCX, has suffered in its global ranking, despite showing growth in terms of the number of contracts traded. Russia’s Moscow Exchange has seen an increase in crude oil trading. Not only that, Moscow exchange has now surpassed Eurex which used to be largest in Europe so far due to a consistent increase in currency trading. 

Ranking of exchange industry for 2016 given by the Futures Industry Association (FIA) issued two weeks ago shows Multi Commodity Exchange (MCX) was ranked 7 from 6 last year and National Commodity & Derivatives Exchange (NCDEX) was ranked at 10 from