MCX holds commodity exchange programme

Kolkata, Jan 6 : Commodity futures exchange company Multi Commodity Exchange of India Ltd (MCX) on Monday organised an awareness programme along with the Forward Markets Commission and MCC Chamber of Commerce & Industry (MCCI) here.

It aimed at increasing the participation of Small and Medium Enterprises (SME) on commodity futures exchanges and the manner in which they could be used as effective price risk management tools.

It was a forum to create a better understanding of the commodity futures market among the participants, thereby enabling them to hedge risks. They were explained about the use of an exchange platform such as MCX to manage risk to which they would be exposed to, and volatility associated with commodity prices.

The interactive programme focussed on the fundamentals of commodity trading, hedging techniques, trading strategies amongst others.

The experts threw light on various other aspects concerning the commodity futures market.

Sumesh Parasrampuria, Director-Business Development, MCX said, "MCX has always endeavoured to be at the forefront in imparting knowledge by organising commodity awareness programmes for the market participants. Such programmes encourage more and more participants from the varied industries and sectors to use the commodity futures market. They benefit from the price discovery and price risk management function performed by the commodity exchanges."

Speaking on the occasion, Sanjay Agarwal, President, MCCI stressed on plugging the existing loopholes in the distribution and pricing of commodities and expressed dubiety on the success of imposition of 0.01 percent CTT (Commodities Transaction Tax) on the trading of non agricultural commodities."

--IBNS (Posted on 07-01-2014)

business-india-news headlines

Pay outstanding salaries to pilots: High Court to Kingfisher

India's forex reserves rise to $309.44 bn

Reliance Industries sees net profit of Rs.21,984 crore in 2013-14

Wipro Q4 profit rises by 29 percent, beats analyst estimates

Trade, commerce to drive India-US ties: Narendra Modi

PepsiCo launches free talk time offer

TCS, Twitter launch app to track Indian Elections

India's software market grew at 10pc in 2013: Research

Anand Mahindra, Banmali Agrawala, Ellen Lord named USIBC directors

Sigvaris appoints NovoMed as distributor in India

AGP launches talent division

Hotel Sahara Star honoured with award

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top