Exchange For Good

Karmali, Naazneen
September 2007
Forbes Asia;9/3/2007, Vol. 3 Issue 14, p22
The article features the Multi Commodity Exchange of India (MCX), founded by Jignesh Shah. Shah secured one of the four licenses and inaugurated MCX a month ahead of the National Commodity & Derivatives Exchange (NCDEX) backed by the ICICI consortium. Shah invited his billionaire son, Mukesh Ambani, to make the first symbolic trade on MCX. Shah says that marketing the exchange to commodity traders, training them how to trade online and designing contracts that are in synch with the traders' needs or familiarity gave MCX an edge.


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