MCX, or the Multi Commodity Exchange, is a platform that facilitates the trading of commodities such as silver, gold, and others. The article from Moneycontrol.com does not provide detailed information on how MCX works, but it does mention that there has been a 16% crash in silver prices.
The article does not provide information on the specific operations or processes of MCX, such as how trades are executed or how prices are determined. It appears that the article is focused on the impact of the budget on the silver prices rather than explaining how MCX works.
The article does not provide any information on the technical aspects of MCX, such as the trading platform, order types, or risk management strategies. It seems that the article is more focused on the market impact rather than explaining the inner workings of MCX.