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Indian-Commodity  :  Corporate  :  MCX's average daily turnover trade dips 3.42% in Q1FY18

MCX's average daily turnover trade dips 3.42% in Q1FY18 (14-Jul-2017)

Multi Commodity Exchange of India's (MCX's) average daily turnover traded on the exchange has decreased by 3.42% to Rs 18,772 crore in Q1FY18 compared to Rs 19,437 crore in the sequential quarter of Q4FY17. The total number of commodity futures contracts traded on the Exchange for the quarter ended Q1 FY2018 increased by 2.13% to 48 million from 47 million in the sequential quarter of Q4 FY2017.

During Q1 FY2018, the Exchange's market share in commodity derivative space has decreased to 89.93% from 90.37% in the sequential quarter ended Q4 FY2017.

MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.



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