Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. The exchange, which started operations in 2003, operates under the regulatory framework of the Securities and Exchange Board of India (SEBI). It offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy, and agricultural commodities, as also on indices constituted from these contracts. It is India’s first exchange to offer commodity options contracts, bullion index futures, and base metals index futures contracts. The exchange focuses on providing commodity value chain participants with neutral, secure, and transparent trade mechanisms, and formulates quality parameters and trade regulations, in conformity with the regulatory framework.