MCX

METAL & ENERGY

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January 31, 2017

MCX/SEC/1273

The Dy. General Manager

Corporate Relations & Service Dept.,
The BSE Limited,
P.J. Towers,
Dalal Street,
Mumbai 400 001
Scrip code: 534091 Scrip ID: MCX
Sub.: Press Release MCX operationalizes its new office at GIFT City
Dear Sir,
Please find attached herewith a press release on the captioned subject.
We request you to kindly disseminate the same for the information of public at large.
Thanking you,
Yours faithfully,
For Multi Commodity Exchange of India Limited

Ajay P
Company Secretary
Encl: as above

MULTI COMMODITY EXCHANGE OF INDIA LTD.

EXCHANGE SQUARE, SUREN ROAD, ANDHERI (EAST), MUMBAI 400 093, INDIA. TEL: +91-22-6731 8888, FAX: +91-22-6649 4151, www.mcxindia.com
CIN: L51909MH2002PLC135594, info@mcxindia.com

MCX

METAL & ENERGY

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MCX operationalizes its new office at GIFT City

Gujarat's Hon'ble Chief Minister, Shri Vijay Rupani inaugurated its new office
Ahmedabad/Mumbai, January 31, 2017: Shri Vijay Rupani, Honourable Chief Minister of Gujarat,
today inaugurated the new office of Multi Commodity Exchange of India Ltd. (MCX), India's largest
commodity exchange at GIFT City, Gandhinagar. This office admeasuring over 22,600 sq ft. will house
the Exchange's Business Continuity (BC) and Disaster Recovery (DR) centre and a training and
education facility.
With an intent to expand the Exchange's operations in terms of BC and DR, Training & Education and
Technology (Software Development and Information Technology Operations), MCX had entered into
an MoU with the Gujarat International Finance Tec-City (GIFT City) Company Ltd. during the recently
concluded Vibrant Gujarat Global Summit. MCX intends to invest over Rs. 30 crore, apart from
creating an employee strength above 100, in the next few years at this office.
The purpose of this BC Plan is to prepare MCX in the event of extended service outages caused by
factors beyond control (e.g., natural disasters, man-made events), and to restore services to the
widest extent possible in a minimum time frame. MCX has plans to set up its in-house software
development division for data analytics, internal automation, ancillary applications and value add
services to members. Additionally, MCX also plans to establish a training facility at this space to
conduct training programmes and disseminate knowledge for the enhancement of skills and
capabilities of students and working professionals, desirous of making a career in commodity market.
Since the GIFT City is expected to emerge as a large and vibrant hub of finance, encompassing
different market segments: commodities, equity, foreign exchange and fixed income, the training
facility can help disseminate knowledge and create capacity in the trading community from India and
abroad. MCX is looking at a possible future expansion of the facility, including the possibility of setting
up of a training campus.
Speaking on the occasion, Mr. Saurabh Chandra, Chairman, MCX said, "We are grateful to the
Government of Gujarat, and appreciative of GIFT City's continuous support for helping us participate
and contribute in our own way, in fulfilling the larger vision of our Honourable Prime Minister, Shri
Narendra Modi ji, of creating a vibrant financial services centre in India. This, therefore, is an
opportunity for us to not just diversify our risk and strengthen our competencies, but also participate
in India's growth story."

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METAL & ENERGY

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Welcoming the opening of MCX's new office at GIFT City, Mr. Ajay Pandey, MD & Group CEO, GIFT
City said, "It is a proud moment for us to have India's premier Commodity bourse, MCX, set up base at
GIFT City. The presence of MCX is a testament to GIFT City's state-of-the-art IT infrastructure and
world-class amenities that have been designed in line with other reputed global financial hubs. GIFT
City has one of India's largest Tier IV data centre, high quality cloud services and competitive cost of
operations, compared to other financial and IT hubs. In the coming days, we hope to see more such
premier institutions making GIFT City their home, which will only strengthen its credential as India's
first successful Global Financial Hub."
About MCX:
Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India's first
listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India.
In the financial year 2015-16, the market share of MCX was 84.30%. MCX offers the benefits of fair price discovery and
price risk management to the Indian commodity market ecosystem. Various commodities across segments are traded on
MCX. These include bullion, energy, metals and agri commodities. The exchange has forged strategic alliances with various
Indian and International commodity exchanges and business associations. For more information about MCX and its products
visit www.mcxindia.com.

For further details, contact:

MCX
Ms. Shivani Sharma
Manager - Communications
Mobile: +91 98333 76243
Shivani.sharma@mcxindia.com