MCX 5th largest commodity exchange in the world
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Multi Commodity Exchange (MCX) has taken the fifth spot among the global commodity bourses in terms of the number of futures contracts traded. Based on the latest data from Futures Industry Association (FIA), during the period between January and June this year, about 127.8 million futures contracts were traded on MCX.
Shanghai Futures Exchange traded about 128.5 million contracts, while the world's top bourse, CME Group of Chicago, that included CBOT and NYMEX, traded nearly 353 million contracts.
Data shows MCX has replaced China-based Dalian Commodity Futures Exchange to gain the fifth position, a release from the bourse said. "The exchange moved up to the fifth position after being sixth largest commodity exchange for two consecutive years since 2009 when it replaced LME."
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