MCX gains steam, ropes in 110 members

 At present, the exchange has processed and approved 110 members across 40 cities. It has been able to attract members because of its focus on traditional strongholds at commodity trading centres.

 Global commodity trading firms, local commodity brokers, corporate and institutional trading houses and leading securities brokerage firms have evinced interest in becoming MCX members.

 Jignesh Shah, managing director, said that MCX had received expressions of interest from more than 300 participants from across 90 centres following the roadshows at over 22 trading centres between 9 June and 12 July.

 The MCX held roadshows at Ahmedabad, Patan, Surendernagar, Rajkot and Bhuj in Gujarat, Mumbai, New Delhi, Kolkata, Patna, Cochin, Kottayam, Coimbatore, Bangalore, Chennai, Hyderabad, Vijayawada, Vishakhapatnam, Chandigarh, Ludhiana, Kanpur, Jaipur and Indore till date. Shah is confident of kicking off futures trading by Diwali.