Satyananda Mishra is the new chairman of Multi Commodity Exchange (MCX)

Ex- Chief Information Commissioner (CIC) Satyananda Mishra has been appointed as the chairman of Multi Commodity Exchange of India Ltd (MCX) board.
The Forward Markets Commission (FMC) also approved the appointment of Satyananda Mishra as the independent Director of MCX’s board.
The position of the chairman was vacant since previous chairman, Venkat Chary, resigned in August 2013 on account of the new guidelines of Forward Markets Commission (FMC) which stated that the age limit of people on the board should not be more than 70 years.

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 roviding 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).

Month: Current Affairs - December, 2013