MCX

MCX, or the Multi Commodity Exchange of India, is the largest commodity derivatives exchange in India. It was established in 2003 and is headquartered in Mumbai. The exchange offers trading in a wide range of commodities, including metals, energy, and agricultural products.

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MCX provides a platform for buyers and sellers to trade in commodity futures contracts, which are agreements to buy or sell a specific commodity at a predetermined price and date in the future. The exchange also provides various risk management tools and services to its members and participants. MCX has a significant impact on the Indian economy as it facilitates price discovery and risk management for participants in the commodity markets.