The Multi Commodity Exchange of India and Mysore Industries Association is jointly organising an awareness programme on “Commodity Derivatives” at the Association premises on KRS road in the city on December 18.
The Multi Commodity Exchange (MCX) is India’s first listed commodity derivatives exchange regulated by SEBI. “The Exchange offers very successful derivatives contracts in copper, zinc, aluminium, nickel and lead”, said a statement issued by MIA’s General Secretary Suresh Kumar Jain.
Over the last couple of years, prices of metals have touched all-time high, leaving the metal consuming industry vulnerable to price volatility and therefore price risk. “Metal price volatility has obvious and major implications on the business margins of any industry. Thus, managing this price risk competently is no longer a choice, but a compulsion for the sustenance of business enterprises,” Mr. Jain said.
