Page 21 - Mcx

MCX to appoint auditor for IT policy administration

The Multi Commodity Exchange (MCX) will appoint an independent auditor for its policy administration on information technology (IT). Its board of directors recently decided so, as a 'good governance practise,' said a source in the know. This follows some allegations by an unknown party against the National Stock Exchange for preferring some brokers over other market participants on speedy trade execution. While NSE is allowed to offer co-location facilities to brokers for faster access, similar facilities are not allowed to commodity exchanges. After NSE-like allegations were made against MCX, the exchange's "now fiercely independent Board advised the management to volunteer to carry out a validation (audit) by a third party (any reputed technology service audit firm of repute) of the exchange's policy administration on the IT side, related to network connectivity", said the source quoted earlier.The bourse has told the Securities and Exchnage Board of India about its decision and is .

MCX eyes agri commodities segment with a slew of new products

ORAfter consolidating human resource, the Multi Commodities Exchange (MCX) has set its sight on strengthening position in agri commodities segment and consolidating non-agri segment with plan to introduce slew of new products many of which were not available for for trading in derivatives so far. MCX MD & CEO, Mrugank Paranjape said, "We plan to strengthen our position in agri commodities space to involve even farmers and plan to launch futures in some new commodities where we see good scope. Some of them being launched for the first time."The product include robusta coffee where exports are also rising and so far not available for futures. MCX spotted a good numbers of those interested in hedging the crop or consumers and exporters looking for hedging coffee procurement price risk with expansion of retail coffee chains. The exchange is said to be exploring futures in tea but the issue comes is that there are several varieties and grades and standardising contract is not so ...

MCX signs MoU with Singapore Diamond Investment Exchange

The MoU will support the mutual interests of MCX and SDiX

MCX board appoints forensic auditor for trading software

Move follows a Sebi directive asking MCX to ascertain whether software is best among available

MCX levies concentration margin from December 1

Sebi had mandated commodity exchanges impose concentration margin with increase in open interest positions

MCX to levy concentration margin from December

This will be based on contracts in which the open interest value exceeds the threshold value of Rs 250 crores

ICSI, MCX sign MoU for joint training programmes

Company Secretaries' institute hosts 44th national convention in Gujarat

MCX raises margin in view of US election

MCX on Tuesday issues a circular levying additional margin of 2% with effect from November 9

MCX to appoint new chairman; net up 23% in Q2

The Exchange's market share in commodity derivative space has increased to 89.49% as against 84.13% in Q2 FY2016

Muted demand drags down cardamom futures 0.65%

At the MCX, cardamom for delivery in Dec fell by Rs 7.50, or 0.65 % to Rs 1,150 per kg in a biz turnover of 3 lots

MCX gains as RBI hikes FII limit

The stock was up 5% to Rs 1,420 on the BSE in intra-day trade after the RBI said that FIIs can now invest up to 34% in the company.

MCX applies for clearing corporation

To enable MCX to transfer functions of clearing and settlement of trades to a separate clearing corporation

MCX hits over three-year high as Sebi allows options trading in commodities

The stock hit intra-day high of Rs 1,400 on BSE, surging 51% from its recent low of Rs 928 touched on Sep 12.

Structural growth drivers in place for MCX

Apart from the increase in transaction charges, the exchange stands to gain from a nod to launch new products such as commodity options

MCX raises transaction charges for agri and non-agri commodities

The new charges will be effective from October 1

MCX hits 52-week high

The stock rallied 10% to Rs 1,181 on the BSE in intra-day trade, extending its 16% surge in past two weeks.

MCX inks pact with Mozambique commodities exchange

Envisages to develop Mozambican commodity markets ecosystem, which consists of varied products to deliver better value for the stakeholders

List and see valuation rise

A market leader entering the stock markets bodes well for its peers. Shares of MCX, a commodity bourse, have rallied over 10 per cent since the Bombay Stock Exchange and the National Stock Exchange set the ball rolling on their listing plans earlier this month. A similar trend was seen when airline company IndiGo's parent, InterGlobe Aviation, hit the capital markets last year, triggering a big rally in the shares of Jet Airways and SpiceJet. "It takes a market leader to unlock the true potential in terms of valuation," said a market expert.

MCX net up 55% in June quarter

Had 23% increase in total revenue to Rs 93.8 crore for the quarter ended on June from a year before

MCX hits 10-month high on heavy volumes

The stock rallied 9% to Rs 1,047, its highest level since August 2015 on the BSE.