Multi commodity Market is also a growing market for metals and derivatives like gold, silver, copper, crude oil & agri products etc. In this market we trade online for current and future contracts. It is actually a very effective and efficient market for building up money.

 

MCX / NCDEX:

MCX refers to Multi Commodity Exchange which facilitates trading in a variety of commodities in the country. This is an independent commodity exchange operating in India with its base in Mumbai. The MCX was established in the year 2003 with NABARD, NSE, Financial Technologies India Ltd, Corporation Bank, Bank of India, Bank of Baroda, HDFC Bank Ltd, SBI Life Insurance Corporation Ltd, Fid Fund (Mauritius) Ltd etc. as key share holders. MCX reaches out to 500 Indian cities with about 10000 trading terminals. It is the only market in India where multiple commodities are traded.

MCX is an independent and de-mutulised multi commodity exchange. It was inaugurated on November 10, 2003 by Mr. Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd.; and has permanent recognition from the Government of India for facilitating online trading, clearing and settlement operations for commodities futures market across the country. Today, MCX features amongst the world's top three bullion exchanges and top four energy exchanges.

NCDEX stands for National Commodities and Derivatives Exchange Ltd. The aim of the company is to make forward contracts simple, safe and secure. It is a public limited company incorporated on 23.4.2003 under the Companies Act, promoted by national level financial institutions like ICICI Bank, LIC, NABARD, NSE, Canara Bank, CRISIL, Goldman Sachs, IFFCO and PNB with an aim to bring in standardization and professionalism in forward contract and also to bring in security to the producers. They hold equity shares in the NCDEX.