Multi Commodity Exchange of India Ltd is a leading commodities exchange in India based on value of commodity futures contracts traded. The company is a de-mutualised exchange and received permanent recognition from the Government of India on September 26 2003 to facilitate nationwide online trading clearing and settlement operations of commodities futures transactions.Multi Commodity Exchange of India Ltd was originally incorporated as a private limited company under the Companies on April 19 2002 as Multi Commodity Exchange of India Private Limited. Subsequently the company was converted into a public limited company and consequently the name was changed to Multi Commodity Exchange of India Limited on May 16 2002.MCX commenced online futures trading in November 2003. The company received non-promoter equity participation for the first time in the year 2004 when Bank of India Union Bank and Corporation Bank invested in the Equity Shares of the company. Since then It has received equity participation from various banks and financial institutions including State Bank of India in July 2004 HDFC Bank Limited in March 2005 the NSE in May 2005 and NABARD in June 2005. Fidelity Funds-India Focus Funds (FID Funds (Mauritius) Limited) also invested in equity Shares of the company. MCX offers trading in varied commodity futures contracts across segments including bullion industrial metals energy and agricultural commodities. The Exchange focuses on providing commodity value chain participants with neutral secure and transparent trade mechanisms and formulates quality parameters and trade regulations in conformity with the regulatory framework. The Exchange has an extensive national reach with 709 registered members operating through more than 580000 trading terminals (including CTCL) spanning over 1700+ cities and towns across India as at the end of 2015-16. MCX is India's leading commodity derivatives exchange with a market share of 88.8 per cent in terms of the value of commodity futures contracts traded in the quarter ended June 2016.With an aim to seamlessly integrate with the global commodities ecosystem MCX has forged strategic alliances with leading international exchanges such as CME Group London Metal Exchange (LME) Dalian Commodity Exchange (DCE) and Taiwan Futures Exchange (TAIFEX). The Exchange has also tied-up with various trade bodies corporates educational institutions and R&D centres across the country. These alliances enable the Exchange in improving trade practices increasing awareness and facilitating overall improvement of the commodity market. MCX has been certified with three ISO standards ISO 9001:2008 Quality Management System ISO 27001:2013 Information Security Management Standard and ISO 14001:2004 Environment Management Standard.