State-of-the art ‘Mercantile Exchange of Madagascar’

Mercantile Exchange of Madagascar (MEX MADAGASCAR), 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 MADAGASCAR is the only Exchange in Madagascar 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 MADAGASCAR is impossible to replicate in Madagascar.

Uniqueness of the MEX MADAGASCAR 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 option for the participants in the physical commodity market. The exchange does believe on price volatility but does not compromise on its delivery provisions to attract speculative volume. MEX MADAGASCAR 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 MADAGASCAR will commence futures and commodity CFD trading in numbers of commodities on a national scale. The commodity basket is substantial with the inclusion of cash crops, food grains, vegetables, spices, oil seeds, metals & bullions among others. And this will be a continual task to innovate new products and to convert it as instruments for trading. Research Desk of MEX MADAGASCAR 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 MADAGASCAR has also made immense contribution in raising awareness about and catalyzing implementation of policy reforms in the commodity sector. MEX MADAGASCAR 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 warehouse receipt system within existing legal and regulatory framework. By doing this, MEX Madagascar has become the first Exchange to complete the contractual groundwork for dematerialization of the warehouse receipts and has proved that innovation is the life of MEX MADAGASCAR.

MEX MADAGASCAR operates global commodity and financial products marketplaces, including the world's leading energy, metals and commodity markets. MEX MADAGASCAR's diverse futures market offer access to contracts based on energy products like crude oil, natural gas, precious metals like gold, silver, as well as agricultural commodities like coffee, cotton, rice, lentils, wheat and so on.

MEX MADAGASCAR conducts its futures market through its standard and tested automated trading accessibility to trader which offers the leading benchmarks and trades the futures in its market. MEX MADAGASCAR offer global futures market, as well as clearing services through its affiliated Clearing members. State-of-the-art electronic trading platform brings market access and transparency to participants and MEX Madagascar is committed to provide it.