Difference in MCX and NCDEX?

MCX : Multi Commodity Exchange
NCDEX : National Commodity & Derivatives Exchange

Multi Commodity Exchange (MCX): is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. It has an average daily turnover of around US$1.55 billion.

National Commodity & Derivatives Exchange Limited (NCDEX): is an online commodity exchange based in India. It was incorporated as a private limited company incorporated on April 23, 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of Business on May 9, 2003. It has commenced its operations on December 15, 2003. NCDEX is a closely held private company which is promoted by national level institutions and has an independent Board of Directors and professionals not having vested interest in commodity markets.