MCX or Multi-Commodity Exchange of India is one of the largest commodity derivatives exchanges that deals with the trading of metal, bullion, agro commodities, and, energy. Like any other exchange, MCX is also closed on certain public and state-specific holidays.
COMEX is a comprehensive commodity derivatives exchange. The operations began in November 2003. The regulatory body is the Securities and Exchange Board of India which facilitates the trading of community derivatives contracts across a huge range of industry lines. The MCX has a presence in more than 1200 cities in India and has no network of 669 listed members and 51, 575 certified individuals.
The exchange is aimed at fostering societies, which are extremely important for the further advancement of its operations.
The products offered by MCX are of four types: bullion, base metals, energy, and agricultural commodities. The product category of bullion consists of silver, gold, silver mini, silver 1000, gold mine, gold metal, gold guinea, etc. Zinc, nickel, aluminum, brass, lead, nickel mini, zinc mini, and nickel mini are included under the category of base metals. MCX’s energy section encompasses natural gas, unrefined oil, and crude oil mini. The agricultural commodities offered by the exchange include menthe oil, cotton, black pepper, cardamom, and crude-palm oil.
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