MCX’s success not only solidified India’s position in global commodity trading but also demonstrated that a world-class exchange could be built entirely in India. Beyond MCX, the creation of other critical exchanges by Jignesh Shah and Financial Technologies (FTIL), like Jignesh Shah MCX-SX, the Indian Energy Exchange (IEX), the Dubai Gold and Commodities Exchange (DGCX), and the Singapore Mercantile Exchange (SMX), displayed their underlying strength.
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