Metropolitan Stock Exchange

The Metropolitan Stock Exchange is one of India's nine stock exchanges recognised by the Securities and Exchange Board of India (SEBI).[2] The Exchange was notified of a "recognized stock exchange" under Section 2(39) of the Companies Act, 1956 by the Ministry of Corporate Affairs, Govt. of India, on December 21, 2012. The exchange’s shareholders are some of India’s top public sector banks, private sector banks, and domestic financial institutions.

Metropolitan Stock Exchange of India
TypeStock exchange
Location4th floor, Vibgyor tower, Opposite Trident Hotel, Bandra-Kurla Complex, Mumbai, India- PIN: 400098
Founded2008
Key peopleLatika S Kundu[1] (MD & CEO)
Dinesh Kumar Mehrotra (Chairman, Public Interest Director)
CurrencyIndian rupee (₹)
futures contracts (USD-INR, EUR-INR, GBP-INR, JPY-INR) & IRF
Websitehttps://www.msei.in/

Mr. D K Mehortra, Ex Chairman, Life Insurance Corporation of India Ltd. is the Non-Executive Chairman (Public Interest Director) on the Board. Latika S Kundu took over the reins of the exchange as Managing Director & Chief Executive Officer on 12 March 2020.

Shareholders include public and private sectors banks, Exchange, Financial Institutions and private investors. Some of these shareholders are State Bank of India, Union Bank of India, UCO Bank, Canara Bank, Punjab National Bank, Indian Overseas Bank, Indian Bank, Bank of India, Bank of Baroda, HDFC Bank, Axis Bank, MCX, IL&FS, IFCI and Mr. Radhakishan S Damani, Mr. Siddhartha Balachandran, Mr. Nemish Shah.

Makeover

Metropolitan Clearing Corporation of India Ltd. (MCCIL), was jointly promoted by Metropolitan Stock Exchange of India Ltd. (MSE), Multi-Commodity Exchange of India Limited (MCX) and Financial Technologies India Limited (FTIL), as a new age Clearing Corporation constituted to undertake clearing and settlement of deals in multi asset classes.

The company was incorporated on 7 November 2008 and was permitted by SEBI to undertake clearing and settlement functions of trades done in MSE on 2 January 2009. The company commenced its operations on 16 February 2009.

Products

Equity[3]

•1500+ companies available for trading

Currency Derivatives[4]

•Currency Futures - USD-INR, EUR-INR, GBP-INR, JPY-INR, EUR-USD, USD-JPY, GBP-USD

•Currency Options-Options contracts in USD-INR, EUR-INR, GBP-INR, JPY-INR, EUR-USD, USD-JPY, GBP-USD

Debt[5]

•206 corporate bonds available for trading

•2,136 corporate bonds available on deal reporting platform corporate bonds available for trading

•EBP platform for Corporate Bond issuance

Interest Rate Futures[6]

•We have 6 products available for trading in Interest Rate Futures

ETFs

•49 ETF’s available for trading

See also

References
  1. https://economictimes.indiatimes.com/markets/stocks/news/metropolitan-stock-exchange-names-latika-kundu-as-new-ceo/articleshow/74604156.cms?from=mdr
  2. https://www.sebi.gov.in/stock-exchanges.html
  3. http://www.msei.in/products/default
  4. http://www.msei.in/products/currency-derivatives/default
  5. http://www.msei.in/Products/Debt/Debt-Securities
  6. https://economictimes.indiatimes.com/markets/stocks/news/metropolitan-exchange-gets-nod-to-launch-weekly-irfs/articleshow/73348885.cms?from=mdr

2. Mumbai, 3 Aug Metropolitan Stock Exchange of India (MSE) today said it will conduct mock trading session in all the segments on Saturday, 5 August.

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