MCX is one of the India`s largest Commodities trading exchange which is promoted by Financial Technologies (India) Ltd, MCX enjoys the confidence of blue chips in the Indian and international financial sectors. MCX’s broadbased strategic equity partners include, NYSE Euronext, State Bank of India and its associates (SBI), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Ltd. (NSE), SBI Life Insurance Co. Ltd., Bank of India (BOI) , Bank of Baroda (BOB), Union Bank of India, Corporation Bank, Canara Bank, HDFC Bank, Fid Fund (Mauritius) Ltd. - an affiliate of Fidelity International, ICICI Ventures, IL&FS, Kotak group, Citi Group and Merrill Lynch. These credible promoter and groups which back MCX adds to the reputation it enjoys in the MCX Markets amongst the traders and the brokers. Recently after the huge success of the Indian Commodities Exchage, MCX has launched the MCX-SX which is the currency trading exchange for INRUSD. MCX-SX’s product is a currency futures contract. .