MCX Stock Exchange (MCX-SX) has received the regulator’s final approval — the commencement certificate — for going live in new product segments such as equity, wholesale debt and interest rate derivatives.
The certificate dated December 19, 2012 was given after the completion of documentation process and SEBI’s site inspection, said a release from MCX-SX.
Out of the 700 applications for new membership received by MCX-SX, 434 applications have been forwarded to SEBI for registration, after the completion of documentation process and scrutiny of members.
For the remaining applications, members are in the process of completing the documentation process, the exchange said in the release.