MCX Aims for 10 Billion Orders Daily

The Multi Commodity Exchange of India (MCX) is preparing for substantial expansion by targeting a new operational goal: the capacity to handle 10 billion orders per day. This ambitious objective stems from feedback and a shared vision within the exchange to be ready for a tenfold increase in trading volume. This strategic enhancement is underpinned by the company's current robust growth in operating revenue and EBITDA, fueled by technological advancements and positive commodity market trends.

MCX is experiencing increased activity across various segments, including energy, bullion, and metals, with notable growth in the agri-segment. A key innovation this year has been the introduction of electricity futures, a product designed to support India's expanding renewable energy sector. Despite a gradual adoption curve expected over the next two to three years, the initial daily turnover of ₹40-50 crore is encouraging, highlighting the market's readiness for such a product.

Addressing a past trading glitch on October 28, MCX has completed a thorough root-cause analysis and a third-party review. The exchange is actively conducting stress tests and has an expert panel assessing system scalability and resilience. These measures are crucial for ensuring the platform's integrity and readiness for future growth and increased trading volumes.