Metropolitan Stock Exchange

The Metropolitan STOCK Exchange (MSE) is one of the eight stock exchanges recognised by country’s securities market regulator - Securities and Exchange Board of India (SEBI). It offers an electronic platform for trading in capital market, futures and options, currency derivatives, Interest Rate Futures (IRF) and Debt Market segments. Its current shareholders include Indian public sector banks, private sector banks, investors and domestic financial institutions.

History

The Metropolitan Stock Exchange of India (MSE) (formerly known as MCX Stock Exchange Limited) was recognized by the Securities and Exchange Board of India (SEBI) on September 16, 2008 and is valid till 15th September 2018. MSE began operations on October 7, 2008. MSE is located at Vibgyor Towers, 4th floor, Plot No C 62, G Block, Bandra Kurla Complex, Mumbai, Maharashtra 400098.

Metropolitan Stock Exchange of India Limited (MSE) is recognised by Securities and Exchange Board of India (SEBI) under Section 4 of Securities Contracts (Regulation) Act, 1956. The Exchange was notified a “recognised stock exchange” under Section 2(39) of the Companies Act, 1956 by Ministry of Corporate Affairs, Govt. of India, on December 21, 2012. Shareholders of the Exchange include public sector banks, private sector banks ,domestic financial institutions and marquee investors who, together hold over 88% stake in the Exchange. MSE is subjected to CAG Audit and has an independent professional management.

Makeover

Metropolitan Clearing Corporation of India Ltd. (MCCIL), was jointly promoted by Metropolitan Stock Exchange of India Ltd. (MSEI), Multi-Commodity Exchange of India Limited (MCX) and Financial Technologies India Limited (FTIL), as a new age Clearing Corporation constituted to undertake clearing and settlement of deals in multi asset classes.

The company was incorporated on November 7, 2008 and was permitted by SEBI to undertake clearing and settlement functions of trades done in MSEI on January 2, 2009. The company commenced its operations on February 16, 2009.

Metropolitan Clearing Corporation of India Ltd. (MCCIL), was jointly promoted by Metropolitan Stock Exchange of India Ltd. (MSEI), Multi-Commodity Exchange of India Limited (MCX) and Financial Technologies India Limited (FTIL), as a new age Clearing Corporation constituted to undertake clearing and settlement of deals in multi asset classes.

The company was incorporated on November 7, 2008 and was permitted by SEBI to undertake clearing and settlement functions of trades done in MSEI on January 2, 2009. The company commenced its operations on February 16, 2009.

Products

Equity

  • 1500+ companies available for trading

Currency Derivatives

  • Currency Futures-USDINR, GBPINR, EURINR,JPYINR
  • Currency Options-Options contracts in USD/INR

Debt

  • 285 corporate bonds available for trading
  • 3,240 corporate bonds available on deal reporting platform
  • EBP platform for Corporate Bond issuance

Interest Rate Futures

  • All 9 GOI bonds suggested by FIMMDA

ETFs

  • 50 ETF’s available for trading

See also

  • List of stock exchanges in the Commonwealth of Nations

References

2. Mumbai, Aug 3 Metropolitan Stock Exchange of India (MSE) today said it will conduct mock trading session in all the segments on Saturday, August 5.