Multi Commodity Exchange of India (MCX) promoted MCX Stock Exchange (MCX-SX), the new stock exchange, has received the Securities and Exchange Board of India’s (SEBI) approval for separate debt and SME trading platforms. The market regulator has granted a final approval to MCX-SX for trading in debt segment, while an in-principle nod has been given for Small Medium Enterprises (SME) platform.
The trading in debt platform would begin from next month, while that for Small Medium Enterprises (SME) platform would be launched after receiving SEBI’s final approval.
MCX-SX is the first and only exchange in India to have adopted the Industry Classification Benchmark (ICB), the global company classification standard of the FTSE Group, and also collaborated with Indian Statistical Institute (ISI) - India’s premier statistical research institute - and FTKMC for creating SX40 and other index product offerings that would be launched in the future.
