Mercantile Exchange of Madagascar SA(MEXM), incorporated on 04 August, 2011 as a Public Limited Company , is the only Exchange in Madagascar to have technical and business related support from the market participants. Since its inception, MEXM has been constantly contributing towards the up- gradation and enhancement of Malagasy commodity eco-system. The day-to-day operations of the Exchange are managed by experienced and qualified professionals with impeccable integrity and expertise. The current business module and trading software used by MEXM is similar to that off CME.

Uniqueness of MEXM lies in various aspects. As a zero debt company, it has accepted globally tested accounting and compliance procedures. Robust settlement mechanism, as sought by MEXM, is becoming the most suitable for the participants in the physical commodity markets too. The exchange ensures the price volatility but does not compromise on its standard settlement provisions to attract speculative volume. We at MEXM are guided by public interest rather than commercial. We have an effective, fair, and transparent and rule based dispute settlement mechanism is in place, to eliminate any disputes.

MEXM commenced its futures and commodity derivatives trading in a numbers of commodities on national scale. The basket of commodities has grown substantially since then to include cash crops, food grains, oil seeds, metals & bullions among others. And this will be the continual task to add new products and to convert it as financial instruments. Research Desk of MEXM is constantly in the process of identifying the hedging needs of the commodity economy and the basket of products is likely to grow even further in the coming days. MEXM has also made immense contribution in raising awareness and catalyzing implementation of policy reforms in the commodity sector. MEXM is the first Exchange to enroll participation of high net-worth corporate Members in commodity derivatives market. It is the Exchange showing a way to introduce warehouse receipt system within existing legal and regulatory framework and has already completed the contractual groundwork for dematerialization of the warehouse receipts. At MEXM innovation is a way of life!

Taking a leap and justifying the "pioneer" status, the trading mechanism of MEXM has introduced order-matching model (OMS) with the state-of-the-art technology. As this market mechanism facilitates a robust trading sphere in the commodity market, the principle of trading has radically developed. To mention a few enhancements- trading based on the market-depth, execution of contracts based on the best available bid-ask quotes, market liquidity et cetera- are some of the advanced features of the new market model. Risk management is at its best in the trading platform.

MEXM conducts its futures markets through its standard and tested automated trading accessibility to trader which offers the leading benchmarks and trades the futures in its markets. MEXM Futures provides in-line with global futures markets, as well as clearing services through MEXM affiliated Clearing members. State-of-the-art electronic trading platform brings market access and transparency to participants globally.

A Futures Exchange shall work in line with interest of growers, merchandiser, exporter-importer, industrialist, investors and end users. These are known as market factors. MEXM believes to serve the needs and requirements of the market factors. While serving the market factors, MEXM follows a globally accepted and tested norms and ethics. Being conglomerate of international business group and with vast experience of exchange operation in Asia, Latin America and Africa, the quality of services that MEXM offers have been of superior standard. Further, MEXM has been setting a benchmark for service delivery in the industry.

MEXM expects to satisfy the growing requirements of the traders in the Malagasy commodity arena.

Functions:

• Provide a trading platform with state-of-the-art technology.
• Mechanism of effective price discovery.
• Mechanism of Price Risk Management.
• Technology-Backed Marketplace for Investment.
• Facilitation of Physical trade with quality assurance.
• Mechanism for structured Finance.
• Dedication to Market Development.