JIGNESH SHAH

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MCX An Overview
JIGNESH SHAH Managing Director CEO MCX
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An Overview

• MCX is a state of the art, de-mutualised multi
  commodity futures exchange
• Permanent recognition from Govt. of India
• Live operations since November 10, 2003
• Indias leading banks are key shareholders of MCX
• Operations from 500 centers with over 1,100
  members
• 5,000 Trading Terminals (TWS)
• Offerings in 11 commodity segments with 62
  commodities for futures trading
• Connectivity through VSAT, Internet, leased line
  etc.
• Near real-time spot and future price
  information dissemination through website and
  info vendors
• Strategic global domestic alliances

3
MCX Achievements

• Average Daily Turnover USD 1,330 million
• Highest Daily Turnover - USD 2,583 million
• Worlds second largest silver exchange after
  NYMEX
• Worlds third largest gold exchange after NYMEX
  TOCOM
• Two national level agri marketing and
  infrastructure initiatives National Spot
  Exchange for Agricultural Produce and National
  Bulk Handling Corporation
• E Networking of APMCs and Local Mandis with
  State Agricultural Boards National Markets
• Linked to a network of Nationwide Warehouses

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MCX Key Shareholders
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Strategic Alliances

• International Strategic Alliances
• The New York Mercantile Exchange
• The London Metal Exchange
• Tokyo Commodity Exchange
• The Baltic Exchange
• Dubai Multi Commodities Centre
• Chicago Climate Exchange
• New York Board of Trade
• Bursa Malaysia Derivatives Berhad
• Domestic Strategic Alliances
• Solvent Extractors Association of India (SEA)
• Bombay Bullion Association (BBA)
• Bombay Metal Exchange (BME)
• Pulses Importers Association (PIA)

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MCX Commodities
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MCX Monthly Turnover
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Physical Delivery on MCX

• Chana
• Sept. 2004 10 MT
• Oct. 2004 370 MT
• Nov. 2004 200 MT
• March 2005 20 MT
• April 2005 580 MT
• May 2005 380 MT
• June 2005 660 MT
• July 2005 1340 MT
• Aug 2005 70 MT
• Sep 2005 310 MT
• Oct 2005 530 MT
• Nov 2005 2250 MT
• Dec 2005 410 MT
• Jan 2006 990 MT

• Tur
• May 2005 270 MT
• June 2005 560 MT
• July 2005 480 MT
• Aug 2005 770 MT
• Sep 2005 520 MT
• Oct 2005 50 MT
• Nov 2005 50 MT
• Dec 2005 30 MT
• Jan 2006 120 MT
• Feb 2006 110 MT

• Jeera
• April 2005 45 MT
• May 2005 72 MT
• June 2005 216 MT
• July 2005 36 MT
• Aug 2005 15 MT
• Sep 2005 72 MT
• Oct 2005 180 MT
• Nov 2005 27 MT
• Dec 2005 138 MT
• Jan 2006 30 MT
• Feb 2006 342 MT

• Masur
• July 2005 80 MT

Mentha Oil Nov 2005 720 Kg Dec 2005
186660 Kg Jan 2006 272160 Kg Feb 2006
285120 Kg

• Urad
• Oct. 2004 70 MT
• Mar. 2005 36 MT
• Aug 2005 80 MT
• Oct 2005 60 MT
• Jan 2006 90 MT

• Yellow Peas
• Nov 2005 340 MT
• Dec 2005 1160

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Physical Delivery on MCX

• Gold (Kg)
• Feb-04 29
• Apr-04 71
• Jun-04 23
• Aug-04 25
• Oct-04 97
• Dec-04 152
• Feb-05 602
• Apr-05 38
• Jun-05 923
• Aug-05 857
• Oct-05 13
• Dec-05 1263
• Feb-06 123

• Silver (Kg)
• May-04 1650
• Jul-04 300
• Sep-04 240
• Dec-04 12600
• Mar-05 18998
• May-05 51209
• Jul-05 10826
• Sep-05 8609
• Dec-05 42299

• Black Pepper
• Dec 2004 10 MT
• Feb 2005 5 MT
• Mar 2005 5 MT
• Apr 2005 1 MT
• May 2005 86 MT
• Jun 2005 96 MT
• Jul 2005 33 MT
• Aug 2005 61 MT
• Sep 2005 41 MT
• Oct 2005 71 MT
• Nov 2005 63 MT
• Dec 2005 41 MT
• Jan 2006 12 MT
• Feb 2006 28 MT

• Rubber
• Mar 2005 24 MT
• Apr 2005 51 MT
• May 2005 24 MT
• Jul 2005 10 MT
• Aug 200 11 MT
• Sep 2005 31 MT
• Oct 2005 4 MT
• Nov 2005 22 MT
• Dec 2005 14 MT
• Feb 2006 5 MT

Gold Mini (Kg) Dec 05 15.30 Kg Jan 06
5.70 Kg Feb 06 1.3 Kg

• PPTQ
• Jan 2006 10 MT

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MCX Monthly Volume
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Education and Training Initiatives

• MCX Chair at University of Mumbai to sponsor
  research in commodities
• Diploma In Commodities Trading (DICT) in
  collaboration with The Welingkar Institute of
  Management Development and Research
• Closely associated with
• Indian Statistical Institute
• GB Pant University of Agriculture
• VAMNICOM
• IIM (Indore)
• Symbiosis Institute of International Business
• Pillai Institute of Management Studies and
  Research

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Data Dissemination Initiatives

• Commodity Suchna Kendras
• Mumbai
• Pune
• Sirsa
• Data disseminated to 290 APMCs in Maharashtra
• Kerala - MoU with e-Krishi
• BSNL, MTNL Network SMS service for real time
  data (Phone No. 3456)
• Reuters, Bloomberg, Telequote, Moneyline Telerate
• MCX Website
• Newspapers and other publication

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Strategic Initiatives in Physical Market

• National Spot Exchange for Agricultural Produce
• Vibrant national level electronic spot exchange
• Integrate fragmented markets
• Price capture and dissemination
• New distribution channel for procurement and sale
• Enhance consumer-producer interaction
• National Bulk Handling Corporation
• International quality systems for receipt,
  storage and offloading services for
  agri-commodities at multi-locations across India
• Product classification and weighment
  certification services at designated centres
• End-to-end solutions for efficient commodity
  trading

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Thank You !