As part of the agreement, MCX and Thomas Reuters will work together to create, govern, maintain and market a series of new commodity indices by tracking the performance of commodity derivatives listed on MCX. The indices will be created and maintained by Thomas Reuters in accordance to the principles of best practices laid down by the International Organisation of Securities Commissions for financial benchmarks.

Subject to approval by SEBI, MCX would subsequently launch derivatives contracts on the MCX-Thomas Reuters commodity indices.