Will MCX continue to rise along the hyper-growth trajectory it currently is on? deepak patra explores...
The comex has acquired a big stake in Middle East’s largest commodity bourse – the Dubai Gold and Commodities Exchange (DGCX), and is running exchange platforms in Mauritius through Financial Technologies India Limited (FTIL).
It is also gearing up for a new venture, Singapore Mercantile Exchange (SMEX), under the Monetary Authority of Singapore. Talking about future ventures and entry into unexplored lands, Jignesh Shah, Chairman, FTIL and Founder, MCX avers, “There is a huge potential lying unlocked in the emerging economies. In Africa, there are 53 countries, with economic growth rates of around 6% annually for the past several years. In addition, we have India and China registering robust growth rates.” It therefore becomes clear that the setting up of exchanges in Asia, Middle East and Africa are a critical part of FTIL’s strategy to harness the enormous growth on organised market platforms. So does this mean that MCX’s focus on the Indian market thus gets diluted? Certainly not, as the various alliances it has forged in the domestic arena stands testimony.
So what’s the real gain out of the tie-ups, international and national? As per Messy, “Tie-ups with other comexes help MCX share experiences and grow by learning from them. They are not only to develop our markets but also to gain last-mile benefits. In addition, potential products can also be launched on the MCX platform, that would help our market seamlessly integrate with global markets...” The biggest advantage however remains that of the opportunity that the partnerships give in the form of risk-hedging, when it comes to currency exchange rate and product-price fluctuations. As it stands today, MCX’s timings and product portfolio proves how the comex exists to maximise benefits on both the timing and portfolio parameters. On the timing parameter, MCX closes just before midnight to gain European and US time advantage, and in terms of diverse offerings, it goes miles ahead of simply offering traditional commodities, and provides many non-traditional commodities like electricity, ATF, weather derivatives et al on board.
The comex has acquired a big stake in Middle East’s largest commodity bourse – the Dubai Gold and Commodities Exchange (DGCX), and is running exchange platforms in Mauritius through Financial Technologies India Limited (FTIL).
It is also gearing up for a new venture, Singapore Mercantile Exchange (SMEX), under the Monetary Authority of Singapore. Talking about future ventures and entry into unexplored lands, Jignesh Shah, Chairman, FTIL and Founder, MCX avers, “There is a huge potential lying unlocked in the emerging economies. In Africa, there are 53 countries, with economic growth rates of around 6% annually for the past several years. In addition, we have India and China registering robust growth rates.” It therefore becomes clear that the setting up of exchanges in Asia, Middle East and Africa are a critical part of FTIL’s strategy to harness the enormous growth on organised market platforms. So does this mean that MCX’s focus on the Indian market thus gets diluted? Certainly not, as the various alliances it has forged in the domestic arena stands testimony.
So what’s the real gain out of the tie-ups, international and national? As per Messy, “Tie-ups with other comexes help MCX share experiences and grow by learning from them. They are not only to develop our markets but also to gain last-mile benefits. In addition, potential products can also be launched on the MCX platform, that would help our market seamlessly integrate with global markets...” The biggest advantage however remains that of the opportunity that the partnerships give in the form of risk-hedging, when it comes to currency exchange rate and product-price fluctuations. As it stands today, MCX’s timings and product portfolio proves how the comex exists to maximise benefits on both the timing and portfolio parameters. On the timing parameter, MCX closes just before midnight to gain European and US time advantage, and in terms of diverse offerings, it goes miles ahead of simply offering traditional commodities, and provides many non-traditional commodities like electricity, ATF, weather derivatives et al on board.
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Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
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