Metropolitan Stock Exchange

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Metropolitan Stock Exchange of India
Metropolitan Stock Exchange Metropolitan new logo.jpg
TypeStock exchange
Location4th floor, Vibgyor tower, Opposite Trident Hotel, Bandra-Kurla Complex, Mumbai, India- PIN: 400098
Founded2008
Key peopleMr. Udai Kumar (CEO)
Ashima Goyal (Chairperson, Public Interest Director)
CurrencyIndian rupee (₹)
futures contracts (USD-INR, EUR-INR, GBP-INR, JPY-INR) & IRF
Websitehttps://www.msei.in/

The Metropolitan Stock Exchange (MSE) is one of India's eight stock exchanges recognised by the Securities and Exchange Board of India (SEBI).[1]. 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[edit]

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 16 September 2008 and is valid till 15 September 2018MSE began operations on 7 October 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 21 December 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.

MSE shares and ESOPs are also being sold in secondary market.

Makeover[edit]

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

Products[edit]

Equity

  • 1500+ companies available for trading

Currency Derivatives

  • Currency Futures - USD-INR, USD-INR, GBP-INR, EUR-INR, JPY-INR
  • 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[edit]

References[edit]

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