Page 22 - Mcx

MCX hits 52-week low on disappointing Q3 results

The stock hit a 52-week low of Rs 846, down 6% on BSE in intra-day trade after the company reported 45% decline in consolidated net profit at Rs 188 million in December 2017 quarter.

Sebi revokes penal order against 7 in MCX insider trading case

On August 2 last year, Sebi's then whole-time member S Raman had held 13 former top MCX officials and its erstwhile promoter guilty of insider trading

MCX gets Sebi nod for launching options contract in gold

Exchanges have been demanding for long that options trading in commodities be allowed

Multiple catalysts ahead for MCX

Analysts say MCX could first launch options in gold and then in two-three more commodities by FY19

Recent weakness a good entry point in MCX stock

Weak volumes coupled with higher operating expenses impacted MCX (or Multi Commodity Exchange of India)'s results for the March 2017 quarter (Q4). Falling volumes of precious metals, both gold and silver, thanks to continued subdued activity in the physical market post note ban led to a sharp 10 per cent sequential dip in MCX's volumes in the quarter. Higher realisations post the recent price hike in transaction charges, however, enabled MCX to post consolidated income of Rs 57 crore, which though down 9.5 per cent sequentially were in line with analyst expectations. Higher expenses towards regulatory fees and investments in GIFT city pushed up the company's operating expenses, which in turn squeezed the EBIT margin to a measly 5.2 per cent as compared to 15.1 per cent in the preceding quarter. On top of all this, higher tax rate too impacted consolidated net profit, which fell 36 per cent sequentially to Rs 22 crore, which consequently fell way below expectation of Rs 30 crore. In ...

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