MCX bags 'Best Commodity Exchange Award' from ASSOCHAM

MCX has been given the award for its contribution in providing a robust and efficient platform for price discovery and risk management across a wide range of segments in India’s commodity futures market.

 

The award, presented by Radha Mohan Singh, Union Minister of Agriculture, "recognizes MCX’s commitment towards developing the commodity futures market in India through product innovation, cutting-edge technology and incessant efforts towards awareness creation for meeting the unmet demand for price discovery and risk management of all stakeholders."

 

"Through extensive research and market feedback, MCX has been offering products and services with specifications that perfectly meet the needs of its diverse customer base in a cost effective manner. The innovations in MCX’s products and services facilitate users to hedge price risks in international commodities within the country, thereby enabling to them attain efficiency and competitiveness without having to use a foreign exchange platform," an official statement claimed.

 

P. K. Singhal, Joint Managing Director, MCX, receiving the award, said, “Being recognized as the Best Commodity Exchange by a national-level industry association like ASSOCHAM is a testimony to the efforts we made in the last two years to re-gain the trust of our stakeholders and emerge as the exchange of choice. With a slew of strategic initiatives, systemic improvements and educational initiatives undertaken since 2014, MCX has retained its pre-eminence not only in volumetric and financial terms, but also in maintaining the mindshare and trust of all its stakeholders.”