MCX clocks daily turnover of Rs 100 crore

The Multi Commodity Exchange of India Ltd (MCX) has recorded a daily turnover of Rs 100 crore in a period of 70 trading days.

Jignesh Shah, managing director, MCX said, "With participation from strategic alliances and over 175 live members running over 230 trading terminals, we have established strong industry support and the exchange is witnessing liquidity through large involvement of its members."

"We take this opportunity to thank the ministry of consumer affairs, Forward Markets Commission and exchange members for the positive support extended."

"MCX has delivered this in a record time reflecting the exchange's commitment to constantly evolve a perfect commodities market in the country and establish high liquidity. Key factors that have contributed to this feat in such a short span are the presence of MCX trading terminals in over 60 cities and 15 states, strategic alliances, strong and robust technology, innovative trading practices and the most optimum operational cost," Shah said.