Introducing MCX
Introducing MCX

It’s a pleasure to announce that the Multi Commodity Exchange (MCX) is now available on FYERS. It got a bit delayed because, at the time of our membership application, RBI and SEBI allowed bank’s subsidiaries to trade/deal in commodities for the first time. This led to a flurry of new applications at the exchange that stretched their turnaround time. Other than that, the process of lengthy compliance, dealing with the telecom providers, getting our in-house trading platforms tested, fine-tuned, and approved by the exchange and auditors used up more time than we anticipated. But all said and done, we are happy that we are live on MCX.

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