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  • About Us
  • Trading at MEXM
  • Vision And Mission
  • Market Making

About Us Mercantile Exchange of Madagascar SA(MEXM), incorporated on ……………………………………………………. as a Public Limited Company , is the only Exchange in Madagascar to have technical and business related support from the market participants. Since its inception, MEXM has been constantly contributing towards the up- gradation and enhancement of Malagasy commodity eco-system. The day-to-day operations of the Exchange are managed by experienced and qualified professionals with impeccable integrity and expertise. The current business module and trading software used by MEXM is similar to that off CME
Uniqueness of MEXM lies in various aspects. As a zero debt company, it has accepted globally tested accounting and compliance procedures. Robust settlement mechanism, as sought by MEXM, is becoming the most suitable for the participants in the physical commodity markets too. The exchange ensures the price volatility but does not compromise on its standard settlement provisions to attract speculative volume. We at MEXM are guided by public interest rather than commercial. We have an effective, fair, and transparent and rule based dispute settlement mechanism is in place, to eliminate any disputes.

Trading chez MEXM When orders and quotes are entered into the central order book, they are sorted by type, price and entry time. Market orders are always given the highest priority for matching purposes. Limit orders and quotes are sorted together; there is no special consideration given to Market Maker quotes.
Orders and quotes in the central order book are anonymous: A trader never knows the opposite side on a trade executed through the exchange. MEXM Clearing Members are always the counterparty, which is managed and monitored by clearing and settlement department of MEXM. Orders and quotes at a given price level are aggregated, although the number of orders and quotes making up the total remains unknown. Participants only see the specific details of their own orders.
For all products, the best bid and ask prices, as well as their respective aggregated bid and offer sizes, are always available in real time. In many cases, these bid and ask prices are derived synthetically. For highly liquid futures, the depth of the order book is updated dynamically for the five best price levels, with sizes, on both sides. For less liquid futures, market depth can be accessed as a "snapshot".

MEX Madagascar Vision  & Mission To envelope the market fundamentals of Malagasy commodity eco-system, incorporating active and meaningful market participation to generate a full-fledged, transparent and a collaborative market base to eliminate curtailing prevalent in the commodity business and ensure fair pricing for the market participants.

Market Making All market makers are automatically checked to evaluate whether they fulfill Market Maker obligations and are able to take part in the Market-Making programs. Only quotes and mass quotes traded via the market maker-account are taken into consideration.
Market makers are basically introduced in exchange trading to ensure liquidity so that buyer/seller should not feel dull market. To make market condition live and with possibilities market makers are becoming parts of the exchange trading across the world. Market maker need to act as buyer to seller and vice versa. In this course exchange ensures that wash trading and front running should not occur and fair market practice shall be on place.
Normally market maker needs to ensure that 90% of quotes should be filled on given contracts. Based on market conditions it may vary but bench mark shall not be less than 90%. Spread and tick movement also in line of defined by exchange.

Analyse technique In making decisions about where and when to take a position, investors, traders and analysts use two different approaches: fundamental analysis and technical analysis. Fundamental analysis is the appreciation of the economics underlying a particular trade. If you want to know where to invest and why, you use the techniques of fundamental analysis. Technical analysis is concerned with when and how of placing money. It determines the optimal timing for a position and its conclusions about how long to stay in a particular trade have significant importance for the kind of derivatives structure one may use to take a position.
Technical analysis is a method of evaluating investment by analyzing statistics generated by market activity, such as past prices and volume. It focuses on the use of charts and other tools to identify patterns that can suggest future activity. If a trader can do this with a reasonable degree of accuracy, then s/he can improve your chances of making a profitable trade. Technical analysis is important in the structuring of derivative products because of the leverage involved and because of the inclusion of such features as barriers and compound strikes. Timing is everything.
In practice, there are quite a few indicators that we can look at and that we can automate to produce trading signals when the rules we specify are triggered.

Technical Analysis

In making decisions about where and when to take a position, investors, traders and analysts use two different approaches: fundamental analysis and technical analysis. Fundamental analysis

 
Types d'adhésion
Statuts
  • Trading Markets
  • Membership Admission
  • Risk Management
  • FAQ

Trading MarketsBeing pioneer commodity exchange of the country MEXM is willing to facilitate futures and spot segment of markets. The details are as follows...

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Membership AdmissionTo be member of exchange there should be some criteria that should meet. Criteria are based on financial soundness, compliance point of view and education background. For each type of membership criteria are as follows...

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Risk ManagementStructure of various margins applicable and use of different tools to minimize risk shall be carried on for risk management process. Process of risk management at Exchange level to ensure that party of trade shall not be defaulter...

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Frequently Asked Questions (FAQ)Derivative Contract is a financial instrument for which the value is derived from one or more underlying assets. The assets can be stocks, bonds, commodities, indices etc. The common type of derivatives contracts are Forward, Futures, Options and Swaps...