Metropolitan Stock Exchange to shut its clearing corporation

The Metropolitan Stock Exchange of India Ltd (MSEI), formerly known as MCX Stock Exchange Ltd (MCX-SX), plans to shut its clearing corporation and tie up with another exchange for handling the trade clearing services. MSEI has already written to the Securities and Exchange Board of India (Sebi) for seeking regulatory approval.

MSX says not linked to FTIL, NSEL and their promoters anymore

Metropolitan Stock Exchange, formerly known as MCX Stock Exchange or MCX-SX, on Thursday said it is no more linked to Financial Technologies, NSEL and its promoters and operates as a separate and independent entity.

MCX-SX to be rechristened as Metropolitan Stock Exchange

MCX Stock Exchange (MCX-SX) on Tuesday said it has received approval from capital markets regulator Sebi to rename itself as Metropolitan Stock Exchange of India Ltd' or mSXI.

MCX-SX gets conditional one-year renewal; SEBI seeks biz plan

As crisis at its erstwhile promoter group continues to cast a shadow, MCX Stock Exchange Monday got a one-year conditional renewal to function as a bourse and regulator Sebi asked it to submit a long-term sustainable business plan and take other remedial actions.

MCX seeks exemption from divesting stake in MCX-SX

Commodity bourse MCX on Wednesday said it has written to Sebi seeking exemption from divesting its entire stake in stock exchange MCX-SX saying the company is no longer acting in concert with erstwhile promoter Financial Technologies.

CBI to take final call in MCX PE soon

Highly-placed sources said the agency will decide whether the enquiry would be closed or it will be converted into an FIR thus starting a full-fledged investigation.

MCX-SX mops up Rs 60 cr via rights issue; short of target

MCX Stock Exchange (MCX-SX) on Friday said it has raised Rs 60 crore through rights issue, less than one-third of the targetted amount.

MCX paid Rs 709 cr to FTIL & group cos: PwC report

Commodity exchange MCX entered into agreements with related trading parties and paid about Rs 709 crore to erstwhile promoter FTIL and group firms without following proper documentation process, said the PwC special audit report released by the bourse.

CBI set to question Bhave over MCX-SX

Highly placed CBI sources said Tuesday they want to conclude the inquiry soon and a call on whether to convert it into a regular case or close it would be taken after examining Bhave.

MCX Stock Exchange launches bank index SXBANK

The MCX Stock Exchange (MCX-SX) Wednesday announced the launch of SXBANK, a new index to capture the performance of the banking sector.

PE against Bhave, Abraham on credible information:CBI

The Preliminary Enquiry against former SEBI chairman C B Bhave and its ex-member K M Abraham was registered on the basis of "credible information" to probe alleged irregularities in granting sanction to MCX Stock Exchange, CBI Director Ranjit Sinha said Thursday.

MCX-SX extends rights issue till April 17

MCX Stock Exchange has extended the subscription time for its nearly Rs 545-crore rights issue till April 17 as some banks are still awaiting regulatory and board approvals to participate in the offer.

Don't create fear-psychosis for public officers: Parekh

Reacting to the action against Bhave and Abraham, Parekh said he was "very saddened to read that CBI was going after Bhave and Abraham".

CBI going after wrong persons: Deepak Parekh on Bhave probe

Coming out strongly in support of SEBI's former chief C B Bhave, eminent banker Deepak Parekh Wednesday said probe against such "upright" public officers would further vitiate decision-making environment in the country.

Ex-bureaucrats criticises CBI`s action; support Abraham, Bhave

Coming out in support of ex-SEBI chairman CB Bhave and ex-member KM Abraham, former bureaucrats have questioned the CBI`s "unfortunate action" of registering a preliminary enquiry against them for alleged irregularities in granting sanction to MCX Stock Exchange.

Sebi, govt assuage concerns as MCX-SX board threatens to quit

Sources said the regulator and the Finance Ministry want MCX-SX's current chairman G K Pillai and other three public interest directors to continue on the bourse.

MCX-SX Chairman, other board members likely to quit

Embattled MCX Stock Exchange may see Friday resignations by its Chairman G K Pillai and other public interest directors in the wake of CBI launching a probe into the grant of licence to the bourse over five years ago.

Currency derivatives turnover up 13% on NSE, MCX-SX in Jan

Total currency derivatives turnover of the two bourses stood at Rs 2.73 lakh crore in December, 2013.

MCX-SX begins IRF trade; product witness trade worth Rs 928-cr

An IRF is a contract between a buyer and a seller for future delivery of an interest-bearing security such as government bonds.

SEBI asked to disclose details on grant of licence to MCX-SX

SEBI has been asked by its Appellate Authority to disclose details through RTI on process related to grant of recognition to MCX Stock Exchange, as all such information may not be confidential any more.