MCX Turnover Rises On High Volatility In Gold And Crude

The Multi Commodity Exchange of India Limited (MCX), India’s largest commodity exchange, recorded a turnover of Rs65.91 lakh crore in FY2019, registering an increase of 22percent compared to the previous fiscal, as per media quotes. The rise in turnover was attributed by the volatile crude oil and gold prices.  In the corresponding period 2018, the recorded a turnover of the MCX was Rs.53,83 lakh crore.

In contrast, low agriculture commodity prices led to a 39% fall in turn-over on the National Commodity & Derivatives Exchange Ltd (NCDEX) to Rs5.29 lakh crore for the reporting period, against Rs5.89 lakh crore a year ago.

As per reports, commodity derivatives turnover on the Bombay Stock Exchange (BSE) declined 17% in the March quarter to Rs14,771-Crore, in comparison with  Rs17,891-Crore in the December quarter whereas that on the National Stock Exchange (NSE) went down 33% to Rs.1,377crore, as against Rs2,067crore, year-on-year.

Both the bourses (BSE, NSE) commenced commodity derivatives trading in October 2018. In the first 6 six months operations of the BSE, its turnover was recorded at Rs30,046-Crore, whereas that of the NSE recorded at Rs3,444-Crore.

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