SATYANANDA MISHRA APPOINTED AS CHAIRMAN OF MULTI COMMODITY EXCHANGE (MCX)

Multi Commodity Exchange of India Ltd on 27 November 2013 appointed Satyananda Mishra as the chairman of MCX’s board.

Market Regulatory authority, the Forward Markets Commission (FMC) also approved the appointment of Satyananda Mishra as the independent Director of MCX's board for a period up to 31 March 2016.

The previous chairman of MCX, Venkat Chary, resigned in August 2013 due to the new guidelines of Forward Markets Commission (FMC). The FMC new guidelines stated that the age limit of people on the board should not be more than 70 years.

Satyananda Mishra is a retired Indian Administrative Services officer (1973 Batch) and former Chief Information Commissioner from December 2010 to September 2013. He was also Secretary, Department of Personnel & Training (DoPT).

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity futures exchange that facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management.

The Multi Commodity Exchange, which started operations in November 2003, operates within the regulatory framework of the Forward Contracts Regulation Act, 1952 (FCRA, 1952).