
| 594 |
Part VII: Financial Systems
MCX (Multi Commodity Exchange of India Ltd)
MCX is a state-of-the-art, nationwide online, multi-commodity
futures exchange. MCX is India’s premier commodities-futures
exchange providing an active market place for more than 50 com-
modities. Major shareholders of MCX are Financial Technolo-
gies (I) Ltd (FTL), State Bank of India (SBI) and its associates,
National Bank for Agriculture and Rural Development (NAB-
ARD), National Stock Exchange of India Ltd (NSE), Fid Fund
(Mauritius) Ltd, an affi liate of Fidelity International, Corporation
Bank, Union Bank of India (UBI), Canara Bank, Bank of India,
Bank of Baroda, ...