BHOPAL : Multi Commodity Exchange of India Ltd (MCX) organised awareness programmes at Bhopal and Gwalior. The programmes were organised for members of Shri Sarafa Association, Bhopal; and Sona Chandi Vyapari Sangh, most of whom were jewelers and focused on the benefits of hedging bullion price exposures. While the programme was organised to create awareness and enhance knowledge among the commodity stakeholders about the commodity futures market in India, it also served to explain in detail all the technicalities associated with the working of a commodity exchange- with respect to the products, price discovery, transparency and risk management mechanism in trading and settlement of transactions. The experts from MCX through a detailed presentation explained the concept of Hedging and its benefits to the market participants. The experts further explained about the importance and need for risk management measures, role of commodity futures exchanges, historical perspective and growth of commodity markets in India, and diverse and innovative product basket offered by MCX among others.