The Securities and Exchange Board of India (SEBI) has granted renewal of recognition to Multi Commodity Exchange of India’s (MCX) wholly owned subsidiary--Multi Commodity Exchange Clearing Corporation (MCXCCL), to act as a Clearing Corporation for a period of three years commencing on July 31, 2019 and ending on July 30, 2022, subject to the conditions as mentioned in the said letter.
MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
