MCX Stock Exchange Ltd

MCX Stock Exchange Ltd (MCX-SX) is an India's stock exchange launched on October 7, 2008, under the regulatory framework of Securities & Exchange Board of India (SEBI).

The Exchange offers currency futures contracts in US Dollar-Indian Rupee (USDINR), Euro-Indian Rupee (EURINR), Pound Sterling-Indian Rupee (GBPINR) and Japanese Yen-Indian Rupee (JPYINR). Clearing and Settlement is conducted through the MCX-SX Clearing Corporation Ltd.

MCX-SX is the first stock exchange in the country to launch pioneering market development initiatives and join hands with India’s reputed industry and trade bodies as well as educational institutions to conduct awareness and financial literacy programs for financial literacy and financial inclusion.

All participants on the exchange trading platform have to participate only through trading members. Non-member participants have to participate as clients of members.

The Exchange has achieved a steady growth in average daily turnover and open interest. The average daily turnover increased from Rs 355.66 crore during in the first month of its operations to Rs 14617.24 crore for the month of January 2010.

* Next: United Stock Exchange of India
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Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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