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Premium member Presentation Transcript Slide 1: Vice chairman:- Jingesh shah prakash.pgdma10@naarm.ernet.in Introduction : Introduction Headquartered in Mumbai, Multi Commodity Exchange of India Ltd (MCX) The demutualised Exchange set up by Financial Technologies (India) Ltd (FTIL) permanent recognition from the Government of India to facilitate online trading, and clearing and settlement operations for commodity futures across the country. started operations in November 2003 prakash.pgdma10@naarm.ernet.in CONT….. : CONT….. Market share of over 80% of the Indian commodity futures market More than 2000 registered members Over 100,000 trader work stations, across India Sixth largest and amongst the fastest growing commodity futures exchange in the world, in terms of the number of contracts traded in 2009. prakash.pgdma10@naarm.ernet.in CONT……. : CONT……. MCX offers more than 40 commodities across various segments such as bullion, ferrous and non-ferrous metals, and a number of agri-commodities on its platform World's largest exchange in Silver Second largest in Gold, Copper and Natural Gas Third largest in Crude Oil futures Certified to three ISO standards:- ISO 9001:2000 Quality Management System standard, ISO 14001:2004 prakash.pgdma10@naarm.ernet.in Alliances with : Alliances with Various leading International Exchanges:- 1)Euronext-LIFFE London Metal Exchange (LME) New York Mercantile Exchange Shanghai Futures Exchange (SHFE) Sydney Futures Exchange, The Agricultural Futures Exchange of Thailand (AFET) prakash.pgdma10@naarm.ernet.in Equity partners : Equity partners NYSE Euronext State Bank of India and its associates (SBI), NABARD National Stock Exchange of India Ltd (NSE) SBI Life Insurance Co Ltd Bank of India (BOI) Bank of Baroda (BOB) Union Bank of India, Corporation Bank, Canara Bank, HDFC Bank, Fid Fund (Mauritius) Ltd. ICICI Ventures, IL&FS Kotak Group Citi Group and Merrill Lynch. prakash.pgdma10@naarm.ernet.in Products : Products prakash.pgdma10@naarm.ernet.in Trading @ MCX : Trading @ MCX The Trader Work Station (TWS) is the application through which members access the trading platform, place orders and execute trades. TWS offers a multitude of user friendly trading features which include commodity price ticker, market watch screen displaying best buy, best sell, last traded price, volume for the day, open interest etc., top gainer and loser contracts, net position, on-line back up facility prakash.pgdma10@naarm.ernet.in Trading System : Trading System Best five buy and sell orders for every contract available for trading are visible to the market and orders are matched based on price time priority logic Orders can be placed with time conditions and/ or price conditions:- Time related Conditions DAY order:- Valid for a day, if not matched, get cancelled GTC:- Good Till Cancelled (GTC) order is an order that remains in the system until the expiry of the respective contract in which it is entered or until when the same is cancelled by the member. GTD: - A Good Till Date (GTD) order is valid till the date specified by the member. After the specified date the unexecuted orders get automatically cancelled by the system. prakash.pgdma10@naarm.ernet.in Slide 10: IOC - An Immediate or Cancel (IOC) order allows a member to execute the orders as soon as the same is placed in the market, failing which the order will get cancelled immediately 2)Price Conditions:- Limit Order – The order wherein the price is to be specified while placing the same. Market Order – The order at the best available price at the time of placing the same. prakash.pgdma10@naarm.ernet.in Slide 11: Margins:- MCX follows a comprehensive and stringent margining system for all future contracts traded on the Exchange platform Actual margining and position monitoring is done on an on-line basis. For the purpose of computing and levying the margins, MCX uses SPAN® (Standard Portfolio Analysis of Risk) system which follows a risk-based and portfolio-based approach. Trade Verification:-Clients/ Constituents can verify trades executed on the MCX platform on the next trading day by entering minimum information prakash.pgdma10@naarm.ernet.in Trade timings : Trade timings prakash.pgdma10@naarm.ernet.in Trading related document : Trading related document prakash.pgdma10@naarm.ernet.in Contact details : Contact details prakash.pgdma10@naarm.ernet.in Slide 15: THANK YOU prakash.pgdma10@naarm.ernet.in You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
MCX prakash162157 Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 411 Category: Entertainment License: All Rights Reserved Like it (0) Dislike it (0) Added: December 03, 2010 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Slide 1: Vice chairman:- Jingesh shah prakash.pgdma10@naarm.ernet.in Introduction : Introduction Headquartered in Mumbai, Multi Commodity Exchange of India Ltd (MCX) The demutualised Exchange set up by Financial Technologies (India) Ltd (FTIL) permanent recognition from the Government of India to facilitate online trading, and clearing and settlement operations for commodity futures across the country. started operations in November 2003 prakash.pgdma10@naarm.ernet.in CONT….. : CONT….. Market share of over 80% of the Indian commodity futures market More than 2000 registered members Over 100,000 trader work stations, across India Sixth largest and amongst the fastest growing commodity futures exchange in the world, in terms of the number of contracts traded in 2009. prakash.pgdma10@naarm.ernet.in CONT……. : CONT……. MCX offers more than 40 commodities across various segments such as bullion, ferrous and non-ferrous metals, and a number of agri-commodities on its platform World's largest exchange in Silver Second largest in Gold, Copper and Natural Gas Third largest in Crude Oil futures Certified to three ISO standards:- ISO 9001:2000 Quality Management System standard, ISO 14001:2004 prakash.pgdma10@naarm.ernet.in Alliances with : Alliances with Various leading International Exchanges:- 1)Euronext-LIFFE London Metal Exchange (LME) New York Mercantile Exchange Shanghai Futures Exchange (SHFE) Sydney Futures Exchange, The Agricultural Futures Exchange of Thailand (AFET) prakash.pgdma10@naarm.ernet.in Equity partners : Equity partners NYSE Euronext State Bank of India and its associates (SBI), NABARD National Stock Exchange of India Ltd (NSE) SBI Life Insurance Co Ltd Bank of India (BOI) Bank of Baroda (BOB) Union Bank of India, Corporation Bank, Canara Bank, HDFC Bank, Fid Fund (Mauritius) Ltd. ICICI Ventures, IL&FS Kotak Group Citi Group and Merrill Lynch. prakash.pgdma10@naarm.ernet.in Products : Products prakash.pgdma10@naarm.ernet.in Trading @ MCX : Trading @ MCX The Trader Work Station (TWS) is the application through which members access the trading platform, place orders and execute trades. TWS offers a multitude of user friendly trading features which include commodity price ticker, market watch screen displaying best buy, best sell, last traded price, volume for the day, open interest etc., top gainer and loser contracts, net position, on-line back up facility prakash.pgdma10@naarm.ernet.in Trading System : Trading System Best five buy and sell orders for every contract available for trading are visible to the market and orders are matched based on price time priority logic Orders can be placed with time conditions and/ or price conditions:- Time related Conditions DAY order:- Valid for a day, if not matched, get cancelled GTC:- Good Till Cancelled (GTC) order is an order that remains in the system until the expiry of the respective contract in which it is entered or until when the same is cancelled by the member. GTD: - A Good Till Date (GTD) order is valid till the date specified by the member. After the specified date the unexecuted orders get automatically cancelled by the system. prakash.pgdma10@naarm.ernet.in Slide 10: IOC - An Immediate or Cancel (IOC) order allows a member to execute the orders as soon as the same is placed in the market, failing which the order will get cancelled immediately 2)Price Conditions:- Limit Order – The order wherein the price is to be specified while placing the same. Market Order – The order at the best available price at the time of placing the same. prakash.pgdma10@naarm.ernet.in Slide 11: Margins:- MCX follows a comprehensive and stringent margining system for all future contracts traded on the Exchange platform Actual margining and position monitoring is done on an on-line basis. For the purpose of computing and levying the margins, MCX uses SPAN® (Standard Portfolio Analysis of Risk) system which follows a risk-based and portfolio-based approach. Trade Verification:-Clients/ Constituents can verify trades executed on the MCX platform on the next trading day by entering minimum information prakash.pgdma10@naarm.ernet.in Trade timings : Trade timings prakash.pgdma10@naarm.ernet.in Trading related document : Trading related document prakash.pgdma10@naarm.ernet.in Contact details : Contact details prakash.pgdma10@naarm.ernet.in Slide 15: THANK YOU prakash.pgdma10@naarm.ernet.in