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Monday, March 07, 2016

Awareness Programmes jointly organized by MCX & various bullion, and industrial associations in Tamil Nadu

Awareness Programmes jointly organized by MCX & various bullion, and industrial associations in Tamil Nadu

Base Metal & Bullion Price Risk Management in the Wake of Volatile Commodity Markets

Awareness Programmes jointly organized by MCX & various bullion, and industrial associations in Tamil Nadu

Madurai (Tamil Nadu), March 07, 2016:

In keeping with its commitment to further the education and awareness about the commodity futures market in India and the benefits it offers, MCX organized several programmes on base metal and bullion price risk management in four cities—Rajapalayam, Sankaranakovil, Namakkal, and Madurai in Tamil Nadu last week.
These programmes were jointly organized with various bullion and industrial associations in the region, such as Jewellery Owners Associations, The Namakkal Shroff & Jewellery Manufacturers Association, and Kappalur Industrial Estate Manufacturers Association.

Some significant aspects of commodity futures market such as introduction to commodity derivatives, benefits of futures trading and role of commodity futures exchanges, importance of price discovery and price risk management, and regulatory perspective, among others, were explained in detail to the participants.
The experts during the sessions provided an overview about the wide ranged product basket offered by the Exchange in bullion, base metals, energy, and agri segments.
 
T. G Senthilvelan,
Assistant Vice President-
Business Development, MCX,
Mr. T. G Senthilvelan, Assistant Vice President-Business Development, MCX, “The robust base metals and bullion futures platform on MCX, which offers a cost-effective and highly efficient avenue for risk management, comes as a critical institution for the market participants, especially at a time when the prices of commodities have displayed significant levels of volatility.”

The presidents of all the associations jointly opined that Commodity exchanges such as MCX are playing a pivotal role in the Indian economy by offering a variety of benefits to a large number of participants, including base metal and bullion stakeholders through efficient price discovery, price risk management through hedging. The market participants, including us, can now timely and effectively plan our business strategies, thus enabling us to mitigate the price exposures.

These interactive programmes substantially benefit the participants in the commodity market ecosystem, to effectively use the commodity futures market as a risk management platform and also as a platform for providing referenceable benchmark pricing.

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 international exchanges, as well as Indian and international trade associations. For more information about MCX and its products visit www.mcxindia.com 

For further details, contact:

Shivani Sharma
Manager - Communications
Multi Commodity Exchange
Phone: +91 -22 67318888 Extn: 9282
Mobile : 9833376243
E mail: shivani.sharma@mcxindia.com

Awareness Programmes jointly organized by MCX & various bullion, and industrial associations in Tamil Nadu Reviewed by S. Chitra on March 07, 2016 Rating: 5 Awareness Programmes jointly organized by MCX & various bullion, and industrial associations in Tamil Nadu Base Metal & Bullion...

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