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.
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