1. The Multi Commodity Exchange of India Ltd (MCX) 2. National Commodity and derivatives Exchange(NCDEX) 3. National Multi Commodity Exchange(NMCE) 4. Indian Commodity Exchange Limited(ICEX) 5. ACE Commodity exchange PRESIDENCY COLLEGE Major Commodity Exchanges in India

The Multi Commodity Exchange of India Limited (MCX)  It started operations in November  It is India’s first listed commodity future exchange  It operates within the regulatory frame work of the Forward Contracts Regulation Act, 1952(FCRA 1952) and regulations there under  It facilitates online trading and clearing settlement  It offers trading in more than 30 commodity futures including gold and other metals and agricultural commodities  It focuses on providing neutral, secure and transparent trade mechanisms and formulating quality parameters and trade regulations. PRESIDENCY COLLEGE

Key Facts about MCX  It is regulated by the Forward Markets Commission  It is India’s No.1 commodity exchange with 83% market share in 2009  Its main competitor is NCDEX  Globally, MCX ranks no.1 in silver, no.2 in natural gas, no.3 in crude oil and gold in futures trading  It has several strategic alliances with leading exchanges across the globe  As of early 2010, the normal daily turnover of MCX was about US$ 6 to 8 billion  It now reaches out to about 800 cities and towns in India PRESIDENCY COLLEGE

Commodities traded in MCX  Metals  Fiber  Energy  Spices  Plantations  Pulses  Petrochemicals  Oil & oil seeds  Cereals PRESIDENCY COLLEGE

National Commodity and Derivatives Exchange Limited (NCDEX) It is an online multi commodity exchange based in India. It was incorporated as a private limited company incorporated in April 2003 under the Companies Act, It obtained its Certificate for commencement of business in May 2003 It has commenced its operations 0n 15 December It is a closely held private company which is promoted by national level institutions and has an independent Board of Directors and professionals PRESIDENCY COLLEGE

Contd….. It is regulated by FMC It is subjected to various laws like the Companies Act, Stamp Act, Contracts Act, Forward Commission (Regulation) Act and various other legislations It has offices in Mumbai, Delhi, Ahmadabad, Indore, Hyderabad, Jaipur and Kolkata PRESIDENCY COLLEGE

Share Holders of NCDEX  Jaypee Capital  Renuka Sugars  LIC  NABARD  NSE  Punjab National Bank  CRISIL  Indian Farmers Fertilizer Cooperative Limited(IFFCO)  Canara Bank  Intercontinental Exchange (ICE) PRESIDENCY COLLEGE

Key facts about NCDEX It has 848 registered members and client base of 20 lakh as on 31 July 2013 Trading conducted on more than terminals across 1000 centers in India as on 31 July 2013 Facilitates deliveries of commodities through a network of over 594 accredited warehouses Average deliveries of 1 lakh MT at every contract expiry PRESIDENCY COLLEGE

NMCE  It was promoted by commodity-relevant public institutions, viz, Central Warehousing Corporation(CWC), National Agricultural Cooperative Marketing Federation of India(NAFED), Gujarat Agro-Industries Corporation Limited(GAICL), Gujarat State Agricultural Marketing Board(GSAMB), National Institute of Agricultural Marketing(NIAM) and Neptune Overseas Limited(NOL)  Punjab National Bank (PNB) gives financial assistance to NMCE  It is a zero-debt company  It follows widely accepted accounting and auditing practices  It is backed by compulsory delivery based settlement to ensure transparent and fair trade practices PRESIDENCY COLLEGE

ICEX  It is a public-private partnership with Reliance Exchange next Ltd  It provide fair, transparent and efficient trading to all participants  Provide equal opportunity and access to investors all over the country through the modern communication modes  It’s a major trading hub for most of the commodities  It is ideally positioned to influence the huge potential of the commodities market and encourage participation of farmers PRESIDENCY COLLEGE

Shareholders of ICEX  Reliance Exchangenext Ltd  MMTC Ltd  Indiabulls Financial Services Ltd  Indian Potash Ltd  IDFC PRESIDENCY COLLEGE

Commodities Traded in ICEX PRESIDENCY COLLEGE Precious Metals MetalsEnergyMineralsOil and oil seeds GoldCopperCrude oilIron oreMustard seed SilverLeadNatural gas Castor seed Soya bean Sunflower seeds Sun flower oil

ACE Commodity Exchange  It is a screen based online exchange for commodities in India  It offers the best and transparent Business Practices in the Indian Commodity market  Through the trading platform, ACE commodity exchange sets the industry benchmark for quicker trade synchronization and price information broadcast  It provides the confidence of trading on a world-class platform to manage risks and reduce complexities of commodity prices PRESIDENCY COLLEGE

Key shareholders of ACE Commodity Exchange Kotak Mahindra Group HAFED Bank of Baroda Corporation Bank Union Bank PRESIDENCY COLLEGE