Commodity and Currency Markets in Mumbai

BSE is Asia’s oldest stock exchange, begun in 1875 as the Native Share and Stock Brokers’ Association under a banyan tree near Horniman Circle, and housed since 1980 in the 29-storey Phiroze Jeejeebhoy Towers on Dalal St

NSE was set up in 1992 at the Government’s instance to bring screen-based trading to India and began operations in 1994 from Exchange Plaza in Bandra Kurla Complex.

MCX, set up in 2003 and run from Exchange Square in Andheri East, is India’s largest commodity derivatives exchange, trading gold, silver, crude oil, natural gas, copper and other metals.

NCDEX, set up in 2003 with its office in Bandra Kurla Complex, is the exchange for agricultural commodities — guar, chana, jeera, castor seed, cotton and the like — and the price reference for India’s farm markets.

Anand Rathi, founded in 1994 by Anand Rathi, is a Mumbai financial group with broking, commodity and currency broking, wealth management (listed as Anand Rathi Wealth) and investment banking, headquartered at Express Zon

Nirmal Bang, founded in 1986, is a Mumbai broking house at Marathon Futurex, Lower Parel, in equity, commodity and currency broking with a large franchisee network.

Choice International, founded in 1993 and listed on the exchanges, is a Mumbai financial group headquartered at Sunil Patodia Tower, Andheri East, with broking, commodity and currency broking, wealth and advisory arms.