The Multi Commodity Exchange of India Limited or MCX is the first listed exchange of India. It is a state-of-the-art and commodity derivatives exchange facilitating the online trading, and settlement and clearing of the futures transactions of the commodity. It also provides a specific platform of the risk management. The Exchange has been started its operation in November 2003. It performs its operation under the Securities and Exchange Board of India (SEBI)’s regulatory framework.
Goals of MCX
The vision of MCX is a unified Indian commodity market, which is driven by the market forces as well as continuously provides a level of the playfield for all the stakeholders, which range from the primary producer to the end-consumer. It corrects the system’s historical aberrations, leverages the technology in order to achieve the efficiencies, which is exceptional, it leads to a common world market ultimately. It’s another vision is MCX’s brand image, which can identify it as an Exchange of Choice not only by the commodity ecosystem’s direct participants but also by the common public. MCX may fulfill its visions through the relentless endeavoring in order to enhance the understanding and awareness in the commodity derivatives’ exchange-enabled trade. The MCX Margin for the in percentage terms of the commodity is basically low in the times of the low volatility and it will increase the underlying higher volatility. The users can use the particular calculator as an MCX Calculator in order to calculate the span margins, which are required for the trades in the MCX Commodity Derivatives Segment.
The Exchange will be continued in the minimization the adverse effects of the price volatilities, which provides the participants of the commodity ecosystem with the secure, neutral, and the transparent trade mechanisms, it also formulates the trade regulations and quality parameters along with the conjunction of the regulatory authority. Besides that, it will continue with the enforcement of a zero-tolerance policy toward the real-by any participant/s or the unethical trade practices-attempted and it will also invest in the all-over commodity ecosystem development. In order to calculate the margins, which are required for the MCX’s positional commodity trading, the Carryforward NRML product with the wisdomcapital can be used.
In order to calculate the intraday commodity trading margin on the MCX, the Intraday MIS product with wisdomcapital can be used. The MCX Calculator can help a user to calculate the margin amount, which is required for the carryforward of the commodity trading as well as intraday commodity trading. The additional leverage in order to intraday the trading commodities may be availed through the use of the Bracket Order or Cover Order product with wisdomcapital.
The additional leverage in order to intraday the trading commodities may be availed through the use of the Bracket Order or Cover Order product with wisdomcapital. The total positional trading margin of the MCX consists of the Exposure Margin, MCX Span Margin, and the Extreme Loss Margin (ELM). The intraday trading margins in the MIS product type are generally a percentage of the margins, which may be essential for the positional trading.