MCX Stock Exchange Limited (MCX-SX), India’s new stock exchange, commenced operations in the Currency Derivatives (CD) segment on October 7, 2008 (with HQ at Exchange Square, Suren Road, Andheri (East),Mumbai) under the regulatory framework of Securities & Exchange Board of India (SEBI) and Reserve Bank of India (RBI).
The Exchange is recognised by SEBI under Section 4 of Securities Contracts (Regulation) Act, 1956.
In line with global best practices and regulatory requirements, clearing and settlement is conducted through a separate clearing corporation, MCX-SX Clearing Corporation Ltd. (MCX-SX CCL).
At the end of June 2012, MCX-SX had 750 members and saw participation from 707 towns and cities across India.
The Exchange received permissions to deal in Interest Rate Derivatives, Equity, Futures & Options on Equity and Wholesale Debt Segment, vide SEBI’s letter dated July 10, 2012.
MCX-SX was granted the status of a “recognized stock exchange” by the Ministry of Corporate Affairs (MCA),Government of India on December 21, 2012.
It received “commencement certificate” from market regulator SEBI for trading in new segments such as Equity, Futures and Options on Equity, Interest Rate Derivatives and Wholesale Debt Market on December 19, 2012.
Finance Minister P. Chidambaram inaugurated the equity trading platform of MCX-Stock Exchange (MCX-SX) on Saturday, February 9, 2013
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