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Profile |
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State-of-the art Mercantile Exchange Nepal Limited as Public Institutions
MEX, during the formation of the company and in practical aspect of market addresses the various integral aspects of commodity economy, viz., warehousing, cooperatives, private and public sector marketing of agricultural commodities, research and training. MEX is the only Exchange in Nepal to have such support from the commodity relevant institutions. These institutions are represented on the various committees set up by the Exchange to ensure good corporate governance. Some of them have also lent their personnel to provide technical support to the Exchange management. The day-to-day operations of the Exchange are managed by the experienced and qualified professionals with impeccable integrity and expertise. None of them have any trading interest. The structure of MEX is impossible to replicate in Nepal. |
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Uniqueness of the MEX lies in various aspects. As a zero debt company it has accepted globally tested accounting and compliance procedures. Robust delivery mechanism becoming the most suitable for the participants in the physical commodity markets. The exchange believes the price volatility but does not compromise on its delivery provisions to attract speculative volume. MEX is guided by public interest rather than commercial interest. Effective and accepted fair, transparent and rule based dispute settlement mechanism is developed, to eliminate any such of conflict in participation of the market.
MEX commenced futures commodity trading in numbers of commodities on a national scale. The basket of commodities has grown substantially since then to include cash crops, food grains, vegetables, spices, oil seeds, metals & bullions among others. And this will be the continual task to innovate new product and to convert it as financial instrument. Research Desk of MEX is constantly in the process of identifying the hedging needs of the commodity economy and the basket of products is likely to grow even further. MEX has also made immense contribution in raising awareness about and catalyzing implementation of policy reforms in the commodity sector. MEX is the first Exchange to enroll participation of high net-worth corporate Members in commodity derivatives market. It is the Exchange, which shows a way to introduce ware house receipt system within existing legal and regulatory framework. The first Exchange to complete the contractual groundwork for dematerialization of the warehouse receipts. Innovation is the life of MEX.
MEX operates global commodity and financial products marketplaces, including the world's leading energy, metals and commodity markets. MEX's diverse futures and over-the-counter (OTC) markets offer access to contracts based on crude oil, natural gas, as well as agricultural commodities including coffee, cotton, rice, lentils, wheat and so on.
MEX conducts its futures markets through its standard and tested automated trading accessibility to trader which offers the leading benchmarks and trades the futures in its markets. MEX Futures provides global futures markets, as well as clearing services through MEX affiliated Clearing members. State-of-the-art electronic trading platform brings market access and transparency to participants globally.
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