Balasubramaniam Venkataramani Current Affairs - 2019

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Balasubramaniam Venkataramani appointed as MD & CEO of Multi Commodity Exchange (MCX)

Balasubramaniam Venkataramani has been appointed as new MD & CEO of Multi Commodity Exchange (MCX). He will replace then MD & CEO Manoj Vaish.

Prior to this appointment B Venkataramani was Chief Business Officer of Bombay Stock Exchange (BSE).

The top post at MCX was lying vacant since May 2014, after then MD & CEO Manoj Vaish had resigned. Till the vacant time, Joint Managing Director of MCX P K Singhal was looking after the day-to-day operations of the exchange.

About Multi Commodity Exchange (MCX)

  • The MCX is country’s first listed commodity futures exchange that facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management.
  • It began functioning in November 2003 and operates within the regulatory framework of the Forward Contracts Regulation Act, 1952 (FCRA, 1952).
  • MCX offers futures trading in bullion, ferrous and non-ferrous metals, energy, and a number of agricultural commodities (mentha oil, cardamom, potatoes, palm oil and others).
  • Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in futures trading.