MCX (Multi Commodity Exchange) is India’s largest and Independent commodity derivative exchange where the clearance and settlement of commodities take place. It was established in 2003 and is based in Mumbai. It offers options trading gold and futures trading in non –ferrous metals, bullion, energy, and a number of agricultural commodities (mentha oil, cardamom, crude palm oil, cotton, and others). Multi Commodity Exchange of India provides live feeds for all traded commodities and are easily available on different websites like Money Control, Economic times, MCX India.info.

List of the commodities that are traded in the MCX

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Metal – Aluminium, Aluminium Mini, Copper, Copper Mini, Lead, Lead Mini, Nickel Mini, Zinc, Zinc Mini, Brass (futures)

Bullion – Gold, Gold Mini, Gold Guinea, Gold Petal, Gold Petal (New Delhi), Gold Global, Silver, Silver Mini, Silver Micro, Silver 1000.

Agro Commodities – Cardamom, Cotton, Crude Oil, Kapas, Mentha Oil, Castorseed, RBD Palmonlien, Black Paper.

Energy – Brent Crude Oil, Crude Oil, Crude Oil Mini, Natural Gas.

How MCX works?

The commodities market works the same as the stock market. It is a physical or a virtual platform, where the trader can buy, sell or trade various commodities at current or future date.

Traders can also do trading using futures contracts. It is an agreement between the sellers and buyers where the buyers promise to pay the agreed amount at the date of transaction where the seller delivers the commodity at a pre-decided date in the future.

MCX: Lot Size and Tick Size

In commodity trading, Tick Size (Tick Movement, Tick Data) is the smallest amount. Price changes as the trend are up or down. The following table will help you to know about the minimum amount a price has to increase or decrease from the cost price so that you can get an idea about profit/loss.

How to trade in MCX market?

There are two ways of trading in the MCX market.

Online Trading:With this platform, you can do trade from your mobile application or from the software provided by the broker.

The main advantage of trading through online helps you to place an order at the right time and you can see all the history and transactions of your orders whenever you want to see.

Offline Trading: This is another way to trade in MCX market. You can contact your broker to place the order. You can trade from anywhere with just one phone call and trade dealer (Broker) place your order and also, they can help you to take right decisions.

Market Trading Time: Multi Commodity Exchange will open at 10 AM and will close at 11:30 PM.

MCX offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities. It is India’s first exchange to offer commodity options contracts. The Exchange focuses on providing commodity value chain participants with neutral, secure and transparent trade mechanisms, and formulates quality parameters and trade regulations, in conformity with the regulatory framework. The Exchange has an extensive national reach, with 700 registered members and 54,896 Authorised Persons with its presence in around 1080 cities and towns across India as on 31 March 2019. MCX is India’s leading commodity derivatives exchange with a market share of 91.6% percent in terms of the value of commodity futures contracts traded in FY 2019.

MCX has been continuously raising the bar through effective research and product development, intelligent use of information and technology, innovation, thought leadership and ethical business conduct.