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Yogoda Satsanga Mahavidyalaya – Ranchi

Role of Exchanges and Broker in Financial Market

MCX Seminar Highlights the Vital Role of Exchanges in Financial Markets

Ranchi, Jharkhand – March 17, 2024 – A captivating seminar organized by the International Navodaya Chamber of Commerce at Yogoda Satsanga Mahavidyalaya Ranchi delved into the fundamental role of commodity exchanges in contemporary markets. The seminar, held on March 16th, 2024, featured insightful presentations by esteemed speakers from the Multi Commodity Exchange of India (MCX).\

Speakers 

1. Shri Samrat Nair – Manager, MCX (EAST)

2. Shri Hemant Kaushik, Co-Head, Jharkhand

3. Shri Sandeep Kumar, Founder INCOC

Key Takeaways from the MCX Presentations

  • Price Discovery: MCX representatives emphasized how exchanges facilitate transparent price discovery. The centralized trading platform brings together buyers and sellers, creating a competitive marketplace that reflects true supply and demand dynamics.

  • Risk Management: Exchanges, like MCX, offer sophisticated hedging tools such as futures and options contracts. These instruments allow market participants to mitigate price volatility and protect themselves against unforeseen market fluctuations.

  • Market Efficiency: The speakers underscored how exchanges enhance market efficiency by providing a standardized, regulated framework for trading. This reduces transaction costs and promotes fair practices.

  • Access to Global Markets: Exchanges play a pivotal role in connecting domestic markets with international trade flows. MCX, for instance, enables Indian businesses to access global commodity markets.

  • Economic Development: By fostering price stability and providing risk management tools, exchanges support the growth of various sectors dependent on commodities. This contributes significantly to overall economic development.

Seminar Underscores MCX’s Commitment to Market Development

The seminar demonstrated the MCX’s dedication to educating stakeholders and promoting awareness about the benefits of organized commodity trading.

About MCX: The Multi Commodity Exchange of India (MCX) is India’s leading commodity derivatives exchange, offering a wide range of contracts across various commodity segments.

About the International Navodaya Chamber of Commerce:

  • Type of Organization: Non-profit organization focused on business development and promotion.
  • Location: Based in Delhi, India.
  • Founded: 2021
  • Mission:
    • Empower businesses through knowledge sharing, resource support, and initiatives.
    • Facilitate collaboration and networking among businesses.
    • Contribute towards the overall development of the Indian economy.
  • Activities:
    • Organizing seminars and workshops (like the MCX seminar)
    • Providing platforms for businesses to connect
    • Potentially offering mentorship or training programs

International Navodaya Chamber of Commerce

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