Multi Commodity Exchange of India (MCX) promoted MCX Stock Exchange (MCX-SX), the new stock exchange, has been conferred with the prestigious ‘Golden Peacock Eco-Innovation Award’ for the year 2013 for use of completely scientific and rule-based methods, along with incorporation of global best practices in index creation and computation.
The award was presented by Union Cabinet Minister for Petroleum and Natural to the company at the 15th World Congress on Environment Management and 24th IOD Annual Day and Golden Peacock Awards presentation in New Delhi.
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.
