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M C X : Developing Indian Commodity Ecosystem. Joseph Massey Deputy Managing Director M C X. Why nations need commodities markets. Commodities are generic Prices are determined on global basis international trade Information effect Inter-substitutability – Food for energy

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M c x developing indian commodity ecosystem

MCX: Developing Indian Commodity Ecosystem

Joseph Massey

Deputy Managing Director

MCX


Why nations need commodities markets
Why nations need commodities markets

  • Commodities are generic

  • Prices are determined on global basis

    • international trade

    • Information effect

    • Inter-substitutability –

      • Food for energy

      • Commodity as investment

      • Price related switching

  • Market pricing efficient & gives long term signals

  • All carry price risk & better to manage





Share of agri energy metals of the total mcx volume in contracts traded 2006
Share of Agri, Energy & Metals of the Total MCX Volume in Contracts Traded (2006)

Energy

Agri

15%

18%

Metals

67%


Mini contracts of global commodities in indian time zone
Mini Contracts of Global commodities in Indian Time Zone Contracts Traded (2006)

  • Availability of smaller contracts on Indian exchanges helps smaller traders/companies to hedge their risk

  • Price discovery at Indian time zone

  • High level of relationship between Indian and global markets in globally linked commodities


New developments expected
New developments expected Contracts Traded (2006)

  • New products – Options and Indices (Weather, commodity, Carbon Credits, freight, etc.)

  • Exchange traded funds

  • Banks, MFs and FIIs in commodities market

  • Global strategic alliance and cross listing of products

  • Domestic investors going global

  • Capital account convertibility & greater global integration


Mcx growth story
MCX Growth Story Contracts Traded (2006)




Mcx comdex vs global commodity indices
MCX Comdex Vs Global Commodity Indices Contracts Traded (2006)

Correlation of COMDEX with: CRB Index 33.71%

Rogers com Index 83.24%

DJAIG com Index 48.70%

GSCI spot Index 69.24%


Mcx cross border strategic alliances
MCX Cross Border Strategic Alliances Contracts Traded (2006)


Mcx reforming commodity ecosystem
MCX – Reforming Commodity Ecosystem Contracts Traded (2006)

Increase the Holding Capacity

Collateral Financing

Grading & Standardization

National Level Price Discovery in Perishable & Non-Perishable Commodities, Market Infrastructure and National Reach.


Gramin suvidha kendras mcx india post initiatives
Gramin Suvidha Kendras: MCX - India Post Initiatives Contracts Traded (2006)

Villagers in Dhamangaon benefiting from MCX futures commodity prices

Shri S P Tayde – Village Postmaster Dhamangaon writing MCX rates on Board


Commodity suchna kendras mcx initiative
Commodity Suchna Kendras: MCX Initiative Contracts Traded (2006)

An e-Ticker in Indore, Madhya Pradesh

First Commodity Suchna Kendra at APMC, Vashi being inaugurated by Shri Sharad Pawar


Thank you

MCX hits record Contracts Traded (2006)

turnover of

17987 crores

Thank You!

Contact:

102 A , Landmark

Suren Road, Chakala

Andheri (East)

Mumbai 400 093.

Tel: +91-22 - 6709 9300

Fax :+91-22 - 6709 9044

Web : www.mcxindia.com

DISCLAIMER:The Information in the presentation is solely for informational purpose and should not be regarded as a recommendation by MCX. All information in the presentation is obtained from the sources believed to be reliable and MCX or any of the associate entities make no representation as to its completeness or accuracy.MCX accepts no obligation to correct or update the information or opinion.No member of MCX or its associate entities accept any liability whatsoever consequent ional or other loses arising from the use of the presentation and or further communication in relation to this presentation.


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