MCX Certified Commodity Professional (MCCP) Exam

The MCX Certified Commodity Professional (MCCP) program is provided by MCX for the candidates who want to participate in the commodity derivates market. On completion of this exam, the candidates will receive an ‘MCCP’ or “MCX Certified Commodity Professional’ certificate”. The certificate focuses on the modalities of trading in commodity markets, operations, and practices, its clearing, settlement, and procedure’s delivery, and the regulatory and legal framework.

Suitable Candidates for MCCP

Commodity Brokers
Treasury Executives
Investors
Candidates who are Portfolio Managers
Investment Analysts
Importers
Exporters
Hedgers
Regulatory Staff
Arbitrageurs
Back Office Software Development Executives
Fund Managers
Credit Risk Managers and Students.

MCCP: MCX Certified Commodity Professional Interview Questions

Skills Acquired from the MCCP Programme

Understanding the market dynamics
Getting an insight into the working of commodity derivates markets
Learning how to trade in commodity markets
Understanding the strategy of price risk management
Understanding the market operations properly

MCCP Exam Details

The MCX Certified Commodity Professional (MCCP) Exam comprises a total of 50 questions. The certificate is valid for a period of 3 years from the date of issue. The candidates need to score 50% or more in order to pass the exam successfully and should be able to complete the exam in 90 minutes. Also, there is a negative marking system in this exam for any incorrect answer attempted but for unattempted answers, no marks will be deducted. Each correct answer gets 2 marks and for any wrong answer attempted half answer will be deducted. The exam format is multiple-choice questions or multiple-response in which the candidates are supposed to select from a list of possible answers. The exam is conducted in various languages such as English, Japanese, Chinese (simplified), and Korean.

Score Chart

Grade A+: Candidates who score 90% or more

Grade A: 80% to less than 90%

Grade B+: 70% to less than 80%

Grade B: 60% to less than 70%

Grade C: 50% to less than 60%

Registration Process

The candidates can register for the MCCP exam online. Follow the below steps to schedule the exam-

Firstly, visit the registration page website of MCCP
You will see all the information regarding the test and an option of ‘click here to apply’
Click on the tab and you will be directed to the application form
Fill up all the personal details such as Name, Gender, Address, Email, Qualification, and more
The candidates need to upload a recent picture with the specified dimensions of 120px by 120 px and should not be more than 100KB.
Click the ‘submit’ option. On completing the submission process, you will recieve the password details on the submitted email id.
Log in using the id and password and click on the ‘make payment’ option. Fill in all the details of the demand draft in favour of Multi Commodity Exchange of India Ltd
Then, courier the DD to the following address-

Multi Commodity Exchange of India Ltd.

Training and Certification Cell
5th Floor, Exchange Square
Suren Road, Chakala, Andheri (E), Mumbai 400093

After this you will receive your e-admit soon after you register for the exam.

Course Structure

Module 1: Learning about Commodity Derivatives Market

Understanding the Indian scenario and regulatory framework
Explaining some of the international exchanges

Module 2: Overview of risk management in the derivatives market

Types of Market
Understanding the concept of hedging concepts and mechanisms
Studying about arbitrage and spreads
Concept of Technical analysis and options

Module 3: Understanding the futures derivative exchange functions

Understanding market operations
Learning about clearing, settlement, and delivery
Studying the functions of the trader workstation
Overview of taxation and accounting in the derivatives market

Module 4: warehousing and innovative products

There are two modes of learning for this module

Distance Learning
The classroom training model

About the MCCP Test

All the test questions are drawn from the MCCP Reference Material.
The test is registered online and conducted at the selected test centers.
The candidate can only take the exam on receiving the e-admit card.
The candidate has to carry the print-out of the e-admit card, a calculator, a photo ID when appearing for the test. Also, the candidates are advised to reach the test center at least 15-30 minutes before the exam starts.
The test supervisor will unlock the computer once he is satisfied with the credentials and you can proceed to log in to the device with your Registration No. and Test ID.
Once the test is completed, click on the submit icon.
The candidates will get their results/scores immediately after the submission of the test and an e-statement will also be sent to your email-id regarding the result
All those candidates who will pass the exam successfully with getting their MCCP Certificate by courier in approximately 10 days of taking the test.

MCX Certified Commodity Professional (MCCP) Exam FAQs

Get all your doubts and queries about the MCCP exam resolved by clicking here

Renewal Test Procedure

If the candidate needs to renew the certification after the validity period of 3 years is over, here are some points to keep in mind
Firstly, the candidate will need to register for the exam again and provide your existing MCX ID in the application form
The candidate is supposed to answer 20 questions in a duration of 35 minutes.
In this exam, the candidates will get 5 marks for each correct answer and there will be no negative marking for the incorrect answers.
Exam questions are prepared randomly from a question bank.
The passing score for this exam is 50.

Rescheduling and Reappearing policy for MCCP

If a candidate needs to reschedule the MCCP exam, they can do it only once at least 30 days prior to the scheduled date of the exam by contacting the Certification Cell ([email protected])

A candidate is permissible to retake the test if-

Their goal is to improve the score
They have failed the exam in their previous attempt

The retest is conducted on the payment of Rs 590. The candidate is supposed to go to the MCX website and log in to their account page. Then make the payment and select the Reappear icon. Proceed to fill in the demand draft and courier it to the MCX Training and Certification Cell. Although keep in mind, the candidates will not be provided with the study materials again and should give the retest within 6 months of the previous attempt. You will be provided with the retest schedule on your account page once the payment is received.

Preparatory Guide

Preparing for the MCX Certified Commodity Professional (MCCP) exam can be quite challenging if you don’t have the right plan to guide you in this journey. But don’t worry, here is a well-structured and planned format for you to follow. This preparatory guide will give you an entire plan for your preparation including learning resources, practice tests, and more. There is a lot of study material provided by the MCX Training and Certification Cell which will surely help you pass the exam. Also, take as many practice tests as you can and start preparing with Testprep Training now!

The Training and Education Department of MCX aims at developing paid and gratis training on the targeted subjects at different levels to help the candidates pursue a career in Commodity Derivates.

Sample Questions

MCX has provided access to the sample questions for the candidates to practice. These sample questions are free of cost and will help you prepare for the exam in an effective manner. Attempt all the sample questions, these will get you familiar with the exam environment and all the questions will be similar to the questions that may come in the actual exam.

MCCP Reading resources

There are several reading resources provided by the MCX Training Program to help the candidates enhance their knowledge daily and keep themselves updated regarding all the topics and information about the exam.

News-Letters

Papers and Reports

Other Resources

Learning Resources

Interactive Resources (Blogs)

E-Learning Courses

Following are the e-courses offered by the MCX which can be useful for the candidates-

Statistical Arbitrage Trading

This course is usually recommended for the candidates who are interested in or are already practicing Alogrithmic Trading. This will give you a deep insight on Statistical Arbitrage and its key concepts.

Fundamentals of Alogrithmic Trading

This course is developed for commodity market professionals, participants, traders, analysts, brokers, consultants and candidates who wants to get started in alogrithmic trading.

Python for Commodity Trading

The candidates who wants to learn trading in commodities using python should take this course. This course has a specialized practice environment that will help the candidates to build coding skills with interactive exercises.

Quantitative Trading Strategies and Models

This course is application-based and created by traders who uses quantitative trading techniques to find profitable strategies and understanding market data.

Trading with Machine Learning : regression/Classification

This course is suitable for students, developers, researchers, teachers, and analysts. The course is specially designed for trading professionals who otimizes their trading strategies with the help of machine learning.

Curated Bundle of Courses

MCX also offers a curated 6-course bundle appropriate for traders or candidates who is willing to learn alogrithmic trading.

Distance Learning

The Distance Learning programmes are offered by MCX which is a very helpful certification program for the candidates. The most suitable program for the MCCP exam is “Principles of risk management and settlement of commodity derivatives,” which is designed to provide enough and necessary knowledge required to get candidates well-acquainted with the modalities of the commodity markets in India. This includes regulatory framework, exchange functions, risk management and operations. Click here to register for the program.

Practice Tests

Last but not the least, your final step towards prepration should be taking as many practice tests as you can. This will provide you with a precise understanding of each and every topic and will help you analyze where you lack out. Work on your weak areas and perform better with each practice. Taking these practice tests will help you get rid of your exam anxiety and boost your confidence up in order to pass the exam successfully. These questions will get you familiar with the exam environment. Start preparing and take a free practice test now!