Unfazed by NSE's commodity push, market share remains intact: MCX chief
New Delhi, May 11 -- Potential competition from the National Stock Exchange (NSE), India's largest bourse, hasn't perturbed the country's largest commodity derivatives exchange, MCX, though it is keeping a close eye on NSE's activity in the commodity derivatives segment (CDS), Praveena Rai, managing director & CEO of MCX indicated on Monday.
MCX dominated the commodity options market in FY26 with a 99.9% share, leaving rival NSE with just 0.1%.
"We are watching the space very closely. it is a large competitor and they have made their intention felt in the market with the focus they are placing on the commodity segment," Rai said in response to an analyst's query on evolving challenges during the company's Q4 earnings call.
Rai didn't n...
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