FREQUENTLY ASKED QUESTIONS
24. What are the volumes in commodity exchanges recently?
The
two exchanges (NCDEX & MCX) have seen tremendous growth in less
than two years. The daily average on these two exchanges put together
has now grown to a healthy Rs.16000 Crores. It has been believed by
experts that the volumes on these exchanges would overtake the stock
market volumes in the days to come.
| Month
/Rs Crore |
MCX |
NCDEX |
TOTAL |
Daily
Average
|
| Jan-05 |
17996 |
30736 |
48732 |
2215 |
| February |
25076 |
34665 |
59741 |
2668 |
| March |
31886 |
50382 |
82268 |
3618 |
| April |
23215 |
58038 |
81253 |
4226 |
| May |
21784 |
54460 |
76244 |
4224 |
| June |
26786 |
66965 |
93751 |
5446 |
| July |
48667 |
75999 |
124667 |
4987 |
| August |
57266 |
100726 |
157991 |
6133 |
| September |
79812 |
103928 |
183740 |
7810 |
| October |
76310 |
101561 |
177871 |
8085 |
| November |
75724 |
101860 |
177584 |
8072 |
| December |
41954 |
104885 |
146840 |
6675 |
|
33333 |
83333 |
116667 |
5303 |
| February |
40579 |
101449 |
142028 |
6456 |
| March |
45797 |
114492 |
160288 |
7286 |
| April |
44961 |
112402 |
157362 |
7153 |
25. What are the working hours for the commodity exchanges?
Commodity
Exchanges (MCX and NCDEX) function from 10.00 AM to 11.30 PM everyday.
However, only Metals, Bullions and Crude Oil are available for trading
after 5.30 PM. On Saturdays, the exchanges are open from 10.00 AM to
2.00 PM
26. Who regulates the commodity exchanges?
Just
as SEBI regulates the stock exchanges, commodity exchanges are regulated
by Forwards Market Commission (FMC); Forwards Market Commission works
under the purview of the Ministry of Food, Agriculture and Public Distribution.
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