MCX clocks record turnover, market share

India's leading commodity bourse - the Multi-Commodity Exchange Commodity of India - has led the commodity futures boom in India in the last year with a market share of 72.4 per cent.

According to a statement that MCX released on Wednesday, the exchange clocked a record turnover of Rs 22,93,723.7 crore (Rs 22937.24 billion) during the financial year 2006-07.

The daily average turnover at MCX has been Rs 9,463.1 crore (Rs 94.63 billion). And the exchange's growth rate was 239 percent during this financial year compared to 2005-06.

The total number of commodities traded at MCX platform is 69. The statement said the exchange employs nearly 450

professionals excluding technology and support teams.

Quoting the comparative monthly volumes of exchanges released by the Forward Markets Commission, MCX said the exchange's market share in the commodities trading is 72.4 percent, while the two other national exchanges - NCDEX and NMCE - share the remaining.