About MCX Tips
Multi Commodities
Exchange of India
Very often we see people talking and discussing about
the Indian Commodities Markets and the MCX and NCDEX, also about stocks and
commodities. Moreover we do listen people making some statements about
Stock Tips
futures, MCX Copper, MCX Bullion , Base Metals and we are in thought that
how can he trade in such things , is he joking or he really trades in all
this stuff. The next time you see such person don’t give him a strange
glance coz the chances are he is not lying. MCX- The Multi Commodities
Exchange of India and NCDEX does allow trading in Copper, Lead, Gold ,
Silver, Crude and many other metals and physical commodities in electronic
form
About the MCX –
Multi Commodities Exchange of India
MCX is the India`s largest Commodities trading exchange
promoted by Financial Technologies (India) Ltd, MCX enjoys the confidence of
blue chips in the Indian and international financial sectors. MCX’s
broadbased strategic equity partners include, NYSE Euronext, State Bank of
India and its associates (SBI), National Bank for Agriculture and Rural
Development (NABARD), National Stock Exchange of India Ltd. (NSE), SBI Life
Insurance Co. Ltd., Bank of India (BOI) , Bank of Baroda (BOB), Union Bank
of India, Corporation Bank, Canara Bank, HDFC Bank, Fid Fund (Mauritius)
Ltd. - an affiliate of Fidelity International, ICICI Ventures, IL&FS, Kotak
group, Citi Group and Merrill Lynch. These credible promoter and groups
which back MCX adds to the reputation it enjoys in the MCX Markets amongst
the traders and the brokers. Recently after the huge success of the Indian
Commodities Exchage, MCX has launched the MCX-SX which is the currency
trading exchange for INRUSD. MCX-SX’s product is a currency futures
contract. It started live operations on 7 October, 2008, by launching
monthly contracts in the USD/INR currency pair. Each USD/INR contract on
MCX-SX has a life of 12 months from the month in which it was launched.
Why trade in MCX
• It offers a electronic platform for the
commodities like – Gold , Silver, Copper, Nickel
• Provides liquidity by making the traders
meet and makes trading in commodities ( Crude, Zinc, Lead, Copper) easier by
making a market for the same
• Removes the risk of third party risk
• Transparent Market Pricing
People have option to trade in
MCX Tips and
MCX Base Metals along with Bullion and other Energy / Agro Products on the
MCX. NCDEX also offer some similar facilities
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