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 price discovery and risk management for participants in the commodity market. MCX operates under the regulatory framework of the Securities and Exchange Board of India (SEBI), ensuring transparency and fairness in trading. The exchange offers various trading instruments, including futures and options, allowing investors to hedge against price fluctuations and speculate on commodity prices.