FAQ’S

Frequently Asking Question’s

Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court. When one of the parties feels that the complaint has not been resolved satisfactory either by the other party or through the complaint resolution process of the Exchange, the parties may choose the route of arbitration.
One of the parties to the dispute who wants legal remedy for remedy for resolving dispute could apply for arbitration. On other words clients, trading member can apply for arbitration.
The Exchange provides a list of eligible persons. Persons who form part of the list of Arbitrators are the ones who possess an expertise in their respective fields including banking, finance, legal (judges) and capital market areas (brokers).
MCCP is an ideal beginner’s programme for pursuing a career in the commodities derivatives market. The course is designed to provide the necessary inputs required to get the participants well acquainted with the modalities of the commodity markets in India, such as the scope of commodity markets, regulatory framework, trading, clearing and settlement, delivery procedures, and legal and investment issues. MCX Certified Commodity Professional (MCCP) is a certification programme for persons who want to gain an insight into trading in commodity futures; for those who want to trade or hedge in commodities; and for those who want to make a living working as a dealer or trader in a broking house or as a jobber or arbitrager.
Participants will be awarded the ‘MCX Certified Commodity Professional’ certificate on successfully clearing the online objective-type test, scoring a minimum of 50 percent marks. The test can be taken at any one of the approved test centres of the Exchange. It consists of 50 questions, which must be answered in 90 minutes. The reference material for the test will be provided to the participants at the time of registration. All questions carry equal marks. However, there is negative marking for questions answered incorrectly. The certification is valid for three years from the date of issue. Candidates are required to register online with MCX and be eligible to take the Online Test (OLT) after payment of the requisite fee. Successful candidates will be awarded the ‘MCCP Certificate’.
This MCCP course is well equipped with 4 modules and test to provide a detailed knowledge on commodity markets and related aspects. Students enrolling for this programme will be given a “Certificate of Participation” from MCX facilitated by Elearnmarkets.com, after successful completion of the course. Participants will also be given free access to related webinars conducted by Kredent Academy for further knowledge enhancement. An email query support, Question & Answer community platform can also be availed by the student for any kind of doubt clearance related to content while pursuing the MCX Certified Commodity Professional course.
Following types of entities are eligible to become members of MCX:
Yes. The entity applying for Membership of MCX should not contain Stocks, Securities, Shares, Forex, Comdex, Comex, Exchange or words of similar nature in their name.
The different connectivity modes made available for a Member to trade on MCX platform are:
                                            VSAT
                                            Leased Circuit
                                            Internet
                                          
VSAT is the abbreviation for Very Small Aperture Terminal. It connects the member to the exchange via satellite link. Therefore connectivity on VSAT can be enabled in a shorter time frame even at remote locations.