Multi Commodity Exchange of India Ltd (MCX), organised a commodity awareness programme in association with the Forward Markets Commission (FMC) at Kolkata on Jan 17, 2015. The programme aimed at enhancing the market participation in commodity futures market while spreading awareness on hedging price risks.
During the programme, the experts from MCX spoke on various aspects of commodities trading in India. They explained about the functioning of Commodity Exchanges, the benefits of commodity futures for trading, and price risk management. A key takeaway was also the feedback from audience that such programmes greatly benefit market participants and also gives them an opportunity to interact with experts in the field. They can learn how to benefit from price discovery and price risk management by trading on commodity exchanges.
Mr. Vibhor Tandon, Assistant Vice President, MCX, stated, “We are very happy to have received such positive feedback from the participants here. As India’s leading commodity exchange, we are striving hard to ensure that all participants are fully aware of the benefits of trading on a regulated commodity exchange. It is the perfect method for price discovery and also for hedging risks against market volatility. We hope to continue with these awareness programmes in the future as well.”
The participants were keen to learn more about the various innovative futures contracts in the bullion, base metals and agri segment offered by the Exchange. This informative seminar gave the participants a broad view of the world of futures trading and its numerous benefits to the underlying commodity value chain participants. Moreover, the speakers emphasised on the manner in which the participants can avoid the risks of fluctuating prices by hedging their price risks using commodity futures contracts.
About MCX:
Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India’s first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India. MCX offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. Various commodities across segments are traded on MCX. These include bullion, energy, metals and agri commodities. The exchange has forged strategic alliances with various Indian and International commodity exchanges and business associations.
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