The Government of India permitted establishment of National-level Multi-Commodity exchanges in the year 2002 -03 and accordingly following exchanges have come into picture. They are  Multi-Commodity Exchange of India (MCX)  National Commodity and Derivatives Exchange of India, Mumbai(NCDEX).  National Multi Commodity Exchange, Ahmedabad(NMCE).  Indian Commodity Exchange (ICEX)  ACE Derivatives & Commodity Exchange Ltd. However, there are regional commodity exchanges functioning all over the country. At international level there are major commodity exchanges in USA, Japan and UK. Some of the most popular exchanges around the world are given below along with the major commodities traded: