MCX stands for Multi Commodity Exchange of India Limited and is headquartered at Mumbai. It is state-of-the-art electronic commodity futures exchange. The demutualised Exchange is set up by Financial Technologies (India) Ltd (FTIL) and it has permanent recognition from the Government of India to facilitate online trading, and clearing and settlement operations for commodity futures across the country. It started its operations in November 2003 and now it has a market share of over 80% of the Indian commodity futures market, and has more than 2000 registered members operating through over 100,000 trader work stations, across India. It is pertinent to note that Exchange has also emerged as the sixth largest and amongst the fastest growing commodity futures exchange in the world, in terms of the number of contracts traded in 2009.
MCX COMMODITY TRADING TIMINGS
Normal Session Agri Monday to Friday 10:00 AM TO 05:00 PM Normal Session Agri Saturday 10:00 AM TO 02:00 PM Normal Session Non-Agri Monday to Friday* 10:00 AM TO 11:30 PM Normal Session Non-Agri Saturday 10:00 AM TO 02:00 PM Special Session All Commodities Monday to Saturday 09:45 AM TO 09:59 AM
* Typically between November and March, the trade timings are extended upto 11:55 P.M on account of day light saving. Though, timings may vary on exchange discretion.
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