Log In

 
Company : MCX India Limited 
Friday, February 13, 2015 11:50AM IST (6:20AM GMT)
 
MCX and FMC Create Awareness on Hedging Through Series of Programmes in Gujarat
Kalol, Gujarat, India

Multi Commodity Exchange of India Ltd (MCX) and Forward Markets Commission (FMC) organized a series of commodity awareness programmes across Gujarat—Mandvi, Bhuj, Junagarh, Ahmedabad—during Feb. 7 – Feb. 10. The primary objective of these programmes was to educate the commodity value chain participants about commodity futures market, and the benefits of Hedging.
 
During the programmes, the experts from MCX explained in detail all the technicalities associated with the working of a commodity exchange. They further highlighted the importance of futures market as tool for price discovery and price risk management. Moreover, they elaborated on the topics such as the benefits of hedging, importance and need for risk management measures, role of commodity futures exchanges, and the regulatory perspective. 
 
Furthermore, another interactive session on ‘hedging bullion price exposures’ was organized at Kalol, by MCX and FMC in association with Kalol Soni Choksi Money Lenders Association for its members, on Thursday, February 12, 2015. The market participants appreciated the interactive session, thereby gaining an insight into the commodity futures market.
 
While addressing the bullion market participants at Kalol, Ms. Komal Kanzaria, Assistant Vice President, Business Development, MCX said, “The twin functions of the commodity futures market i.e. price risk management and price discovery is fulfilled efficiently by the bullion contracts offered by the Exchamge platform. This enables the bullion stakeholders to insure themselves against the impacts of fluctuations in the underlying bullion prices in the physical market.”
 
“Since participants of the commodity trading  ecosystem still lack adequate awareness about risk management, we are focusing on educating such stakeholders through these awareness programmes about the effective use of an Exchange platform, such as MCX, to manage their price risks.” she further stated.
 
Shri. Mohanlal Jawaharmal ji, President, Kalol Soni Choksi Money Lenders Association said, “The value chain for gold and silver trading in India includes a large number of bullion stakeholders, including the retail jewellers who are exposed to the vagaries and uncertainties of the physical market. We thank FMC and MCX for undertaking a major exercise to create awareness among these stakeholders to induce them to hedge their price risk on regulated commodity exchanges.”
 
 
About MCX:

Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India’s first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India. MCX offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem.  Various commodities across segments are traded on MCX. These include bullion, energy, metals and agri commodities. The exchange has forged strategic alliances with various Indian and International commodity exchanges and business associations. 

 
For News Release background on MCX India Limited click here
 
Media Contact Details
Shivani Sharma, Manager - Communications, MCX India Limited, +91-9833376243, Shivani.sharma@mcxindia.com
 
 
Submit your press release
More News from MCX India Limited

23/02/2015 3:30PM

Awareness Programme on Effective Cotton Price Risk Management

The awareness programme focused on hedging cotton price exposures, jointly organized by Multi Commodity Exchange of India Ltd (MCX), Forward Markets Commission (FMC), and North India Textile Mills’ Association at ...

20/02/2015 2:00PM

Overwhelming Response to Commodity Awareness Programmes Organised by MCX

With an intent to make the commodity value chain participants aware about the economic functions, and benefits of the commodity futures market, Multi Commodity Exchange of India Ltd (MCX) and Forward Markets Commission ...

18/02/2015 1:25PM

Knowledge Sharing Meet Organised by MCX on Commodity Futures

With an aim to contribute to the inclusion process through educating the market participants about the commodity futures market, Multi Commodity Exchange of India Ltd (MCX) and Forward Markets Commission (FMC) in ...

Similar News

24/02/2018 11:15AM

Pidilite Unveils its New Dr. Fixit Campaign

Dr. Fixit, from the house of Pidilite, today unveiled its new TVC campaign featuring legendary actor Amitabh Bachchan.

No Image

24/02/2018 10:30AM

OnePlus becomes the Market Leader in the Fast-growing Premium Android Smartphone Segment in India

OnePlus, a global mobile technology company, continued its growth in the overall Indian premium Android smartphone segment (above $400) by capturing 48% market share in Q4 2017, as per International Data Corporation’s ...