MCX targets top five spot and plans for Mauritius exchange

India's Multi Commodity Exchange (MCX) has targeted a place in the world's top five futures exchanges by 2012 and has also pinpointed plans to open a commodity exchange in Mauritius by the end of the year.

The growth target was revealed by MCX's joint managing director Lamon Rutten, according to local press. He also said that the exchange, which saw trading with an underlying...