MCXCCL receives in-principle approval from SEBI to act as clearing corporation
DSIJ Intelligence / 31 Jul 2017
Multi Commodity Exchange of India (MCX) is a holding company. The company is engaged in facilitating trading, and clearing and settlement of commodity derivatives. It operates as a commodity futures exchange.
In-principle approval has been granted to Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), a wholly-owned subsidiary of Multi Commodity Exchange of India (MCX), by the Securities and Exchange Board of India (SEBI) to act as a clearing corporation for a period of one year, the company said in a BSE filing on Monday.
Multi Commodity Exchange of India (MCX) is a holding company. The company is engaged in facilitating trading, and clearing and settlement of commodity derivatives. It operates as a commodity futures exchange.
At Rs 1,125, MCX ended up by Rs 20.35 or 1.84% on Monday, on the BSE. The stock hit its intraday high and low of Rs 1,135 and Rs 1,093.60, respectively. The stock attracted a traded volume of 3,53,124 shares and traded value of Rs 3,938.75 lakh on the NSE.
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