Crude orders contract traded at which exchange?

Commodities
1

Crude contracts placed on MCX go to an international exchange outside India?
If it gets executed with in MCX and with in India, we are not really involved in price discovery, MCX is merely borrowing/copying the international prices and Indians line up to trade at those prices irrespective of who needs what. Does any one know where our crude orders get executed when placed an order through MCX?

2

No, they are traded on MCX exchange itself based on demand and supply.

Our participation is much less compared to volumes on nymex.

3

Thanks for clarifying, Siva. I tried to google in vain before i put the question here.
Another thing i noticed is… margin requirement from MCX is so high when i compare it with crude contract offered on NYMEX crude oil. https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_performance_bonds.html#sortField=exchange&sortAsc=true&clearingCode=CL&sector=CRUDE+OIL&exchange=NYM&pageNumber=1

To double my money from NYMEX crude i have to make 10$ worth price movement in my favor. Where as to double money from MCX MIS trading it is over 20$.
There is nothing we can do about it. Just my opinion. It favorable to do crude trading on NYMEX crude oil from foreign exchanges.