Applicants for the MD and CEO role are required to have a strong educational background, such as CA/ICAI/MBA/B.Tech from reputable institutions. Additionally, they should possess over 20 years of experience in commodities, securities, capital markets, financial and general management, as well as a comprehensive understanding of technology and operations in the financial services sector. A minimum of 5 years in a senior leadership position and a successful track record, along with a vision for advancing MCX, are prerequisites. Effective communication, networking, and stakeholder management competencies are also vital.

This opportunity is exclusively available to Indian Passport holders, with the application deadline set for 13 December 2023. The appointed MD & CEO will be responsible for overseeing the exchange's operations under the guidance of the board of directors, ensuring compliance with regulatory frameworks and standards. The remuneration package will be commensurate with industry norms, subject to approval from the Securities and Exchange Board of India (SEBI), and the initial term is expected to span up to 5 years, with the possibility of extension based on performance and SEBI endorsement.

MCX is India's first listed, national-level, electronic exchange, and India’s leading commodity derivatives exchange with a market share of about 95.2% in terms of the value of commodity futures contracts traded in financial year 2023-24. MCX offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem.

MCX reported consolidated net loss of Rs 19.07 crore in Q2 FY24 as compared with net profit of Rs 63.28 crore posted in Q2 FY23. Revenue from operations stood at Rs 165.11 crore in the September 2023 quarter, registering a growth of 29.6% YoY.