MUMBAI: Multi Commodity Exchange of India Ltd (MCX), India's No. 1 commodity exchange, has been honoured with the Best Commodity Exchange Award at the Bullion Federation Global Convention organized by the Bullion Federation in Agra during 21st-24th July 2016. The Bullion Federation is a national level apex body representing the bullion industry to further the cause of bullion trade and its members. The conference was attended by over 400 delegates, including refiners, bullion importers, bullion dealers, banks, foreign banks, logistics companies, commodity exchanges, and media and metal research houses among others. The award recognizes MCX's commitment towards developing a vibrant commodity futures market in India by providing a robust and efficient platform for price discovery and risk management across a diverse range of precious metal, energy, base metal and agri products.