MCX Stock Exchange to Commence Mock Trading

MCX Stock Exchange Limited (MCX-SE), subsidiary of India's No. 1 commodity exchange, Multi Commodity Exchange of India Limited (MCX) has received unprecedented response for its membership drive within 3 days from the launch date. More than 300 members have shown expression of interest including banks, commodity brokers (MCX and NCDEX), exporters, importers, stock brokers (NSE & BSE members) and foreign exchange dealers registered through FEDAI. MCX-SE has been in technical readiness since long and considering the significant response from members, MCX-SE has decided to commence mock trading from 2nd September, 08.

MCX-SE is offering membership as Trading Member (TM), Trading cum Clearing Member (TCM) and Professional Clearing Member (PCM). MCX-SE received an in-principle approval from SEBI for the launch of currency derivative segment on 25th August, 08. The clearing banks have been appointed and in total 12+ banks are expressed willingness to participate in the trading on the exchange.

Related articles

• Market Outlook 31 Mar (slideshare.net)
• Market Outlook 05 04 10 (slideshare.net)
• Indian Forex Market Matures (benzinga.com)
• Moneysukh metal and energy watch report 19/3/2010 (slideshare.net)
• Market Outlook, 13 Apr 2010 (slideshare.net)