The Multi Commodity Exchange of India (MCX) is a leading commodity exchange in India, established in 2003. It facilitates trading in various commodities, including metals, energy, and agricultural products. MCX provides a platform for buyers and sellers to trade these commodities in a regulated environment, ensuring transparency and price discovery. MCX operates through a network of brokers and offers various trading options, such as futures and options contracts. The exchange plays a crucial role in the Indian economy by helping producers and consumers manage price risks associated with commodity fluctuations.