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Dubai Multi Commodities Centre : The Dubai Multi Commodities Centre (DMCC), a Government of Dubai initiative, was created to establish a commodity marketplace in Dubai, through providing industry-specific market infrastructure, products and services for a whole range of commodity sectors, including precious commodities, steel and base metals, soft commodities and energy. Resident companies of DMCC are offered highly attractive benefits under a free zone status including a secure regulated environment. |
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Financial Technologies (India) Ltd. : FTIL the flagship company of the Financial Technologies Group, is among the global leaders in offering technology IP (Intellectual Property) and domain expertise to create and trade on next generation financial markets that are transparent, efficient and liquid, across all asset class including equities, commodities, currency and debt. FTIL's highly robust and scalable exchange and trading technology platform, coupled with its deep domain expertise, gives a decisive edge to its customers. The Group has 80% market share of the Indian transaction automation market. FTIL is a listed company with its stock listed on India's leading stock exchanges - NSE and BSE.
DOME, the market leading product suite for exchange solutions is the engine powering globally dominant exchanges like MCX, DGCX, SNX, GBOT and others. Financial Technologies has promoted MCX (www.mcxindia.com), India's No. 1 multi commodity derivatives exchange, and IBS Forex (www.ibsfx.com), inter-bank foreign exchange platform. Other key exchange ventures include NSEL (www.nseap.com), SNX and GBOT Mauritius.
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Multi-Commodity Exchange of India Ltd. : MCX is a de-mutualised nationwide electronic multi commodity futures exchange set up by Financial Technologies with permanent recognition from Government of India for facilitating online trading, clearing & settlement operations for futures market across the country. The exchange started operations in November 2003 and presently is the top commodity exchange in the country with 70% market share of the total commodity derivatives trading volume in the country. Among the top ten commodity derivatives exchanges in the world, MCX ranks among the top three bullion, energy and copper exchanges in the world in terms of contracts traded. Apart from being accredited with ISO 9001:2000 for quality management, it is the world's first and only multi-commodity exchange to have achieved ISO 27001:2005 certification, the global benchmark for information security management systems.
MCX offers futures trading in 58 commodities, defined in terms of the type of contracts offered, from various market segments including bullion, energy, ferrous and non-ferrous metals, oils and oil seeds, cereals, pulses, plantations, spices, plastics and fibers. The exchange strives to be at the forefront of developments in the commodities futures industry and has forged eleven strategic alliances across the world, including with Tokyo Commodity Exchange, Chicago Climate Exchange, London Metal Exchange, New York Mercantile Exchange, New York Board of Trade and Bursa Malaysia Derivatives, Berhad. Financial Technologies India Ltd, is the majority shareholder of MCX. Other key stakeholders include Fidelity International, State Bank of India & its subsidiaries, National Stock Exchange (NSE) and National Bank for Agriculture & Rural Development (NABARD).
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