citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . july 2013 learn how and when to remove this template message metropolitan stock exchange of india ltd. msei formerly mcx stock exchange ltd. mcx sx this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . july 2016 learn how and when to remove this template message metropolitan stock exchange of india ltd. msei type private industry stock exchange founded 2008 headquarters 4th floor vibgyor tower opposite trident hotel bandra kurla complex mumbai india pin 400098 key people thomas mathew t chairman ashima goyal vice chairperson udai kumar interim md & ceo products currency futures contracts usd inr eur inr gbp inr jpy inr & irf website www.msei.in metropolitan stock exchange of india ltd. msei formerly known as mcx stock exchange ltd. mcx sx is india s youngest and one of the three stock exchanges recognized by country s securities market regulator securities and exchange board of india sebi . it offers an electronic platform for trading in capital market futures & options currency derivatives interest rate futures irf and debt market segments . msei s current shareholders include indian public sector banks private sector banks investors and domestic financial institutions . about metropolitan clearing corporation of india ltd. mccil formerly mcxsx ccl the exchange s arm for clearing and settlement of trades in line with global best practices and regulatory requirements clearing and settlement of trades done on msei are conducted through a separate clearing corporation arm mccil which is a subsidiary of the exchange . mccil acts as a central counterparty to all trades on msei and to provide clearing and banking services it has empanelled a number of banks that include axis bank bank of india central bank of india hdfc bank canara bank idbi bank icici bank kotak mahindra bank indusind bank yes bank state bank of india and union bank . it has completed more than 2282 on time zero default settlements as on 31st dec 2015 . citation needed contents 1 sx40 2 products 3 see also 4 references sx40 edit sx40 is the flagship index of msei . a free float based index of 40 large cap liquid stocks representing diversified sectors of the economy . sx40 is designed to measure the economic performance with better representation of various industries . the index is devised to offer cost effective support for investment and structured products such as index futures and option index portfolio exchange traded funds index funds etc. citation needed products edit msei currently rupee eurinr pound sterling indian rupee gbpinr and japanese yen indian rupee jpyinr & irf . specifications of the msei usdinr contract are as stipulated by rbi and sebi and are as follows symbol usdinr instrument type futcur unit of trading 1 1 unit denotes 1000 usd underlying the exchange rate in indian rupees for a us dollar tick size tick size rs .0.25 paise or inr 0.0025 trading hours monday to friday 9.00 a.m. to 5.00 p.m. contract trading cycle 12 month trading cycle . last trading day two working days prior to the last business day of the expiry month at 12.15 p.m. final settlement day last working day excluding saturdays of the expiry month . the last working day will be the same as that for interbank settlements in mumbai . risk management at msei msei has a very robust risk management system in place . the salient features are as follows policies procedures standards the information security management systems of the exchange are in accordance with the internationally recognized standards iso iec 27001 2005 . it follows the defense in depth mechanism real time risk management a real time monitoring of mark to market losses is carried out . the exchange also has a system for generating alerts on mtm losses or margins exceeding applicable limits . business continuity plan the business continuity plan of the exchange covers important factors of the business impact analysis business continuity strategy and implementation of bc and disaster recovery plan . clearing and settlement mccil acts as the central counterparty providing novation and clearing & settlement services for various asset classes that are traded in the metropolitan stock exchange of india ltd msei . the mccil is a subsidiary of the msei and a clearing corporation recognized by the sebi under the regulation 4 of the securities contracts regulation stock exchanges and clearing corporations regulations 2012 . the mccil is also a qualified central counter party qccp subject to the sebi s regulatory framework which is consistent with cpss iosco principles for financial market infrastructures . the mccil has adopted various best practices in the industry to make sure transactions are managed efficiently and completed seamlessly which includes transparency in its functions capital adequacy norms for membership dedicated settlement guarantee fund globally accepted systems for margining online monitoring of margins & mark to market losses online monitoring of member positions based on prudential position limit norms system driven pre trade risk controls on higher margin utilization automatic trading restriction on breach of prudential limits multilateral netting for obligation computation and regular stress testing back testing of margins important developments at msei oct 2008 launched currency futures trading in usd inr contracts feb17 2009 mcx stock exchange clearing corp ltd. mcx sx ccl the clearing and settlement arm of the exchange commenced operations july 2009 launched nism certification programs in currency derivatives jan 2010 launched trading in three new currency pairs eurinr jpyinr and gbpinr jul 10 2012 sebi has granted permission to deal in currency options equity and equity futures & options interest rate aug 2012 launched trading in currency options dec 20 2012 receipt of commencement certificate from sebi dec 21 2012 govt of india granted recognized stock exchange status to msei feb 9 2013 hon ble union finance minister shri . p chidambaram inaugurated equity and equity derivatives segment feb 11 2013 live trading begins in equity and equity derivatives segment jan 9 2014 received sebi approval to launch interest rate futures irf segment jan 20 2014 started live trading in irf aug 5 2014 compat uphelds cci order on zero pricing in favour of msei aug 25 2014 exchange shifts to a newer premiere business district at bkc mumbai sep 01 2014 msei shifted its data centre to a new location at tata communications as a part of its turnaround strategy sep 16 2014 renewal of recognition to the exchange by sebi sep 17 2014 sebi cleared new name of the exchange metropolitan stock exchange of india ltd msei public shareholders banks union bank of india punjab national bank bank of baroda bank of india andhra bank allahabad bank oriental bank of commerce indian bank indian overseas bank corporation bank syndicate bank hdfc bank ltd vijaya bank united bank of india axis bank ltd state bank of india punjab and sind bank and uco bank corporates edelweiss commodities services ltd trust investment advisors pvt ltd il & fs financial services ltd multi commodity exchange of india ltd. indian financial institution ifci ltd. individuals firms dr. rakesh jhunjhunwala mrs. viral a. parikh nemish s. shah as karta of nemish s. shah h.u.f. mr. kalpraj dharamshi mr. dhanesh sumatilal shah mr. uday shah ms. madhuri kela ms. renuka shah ms. madhu vadera jayakumar derive investments see also edit list of foreign exchange companies references edit v t e stock exchanges in india ahmedabad stock exchange bangalore stock exchange bhubaneswar stock exchange bombay stock exchange calcutta stock exchange delhi stock exchange guwahati stock exchange inter connected stock exchange of india jaipur stock exchange ludhiana stock exchange madras stock exchange mcx stock exchange meerut stock exchange national stock exchange of india otc exchange of india pune stock exchange united stock exchange of india up stock exchange vadodara stock exchange de recognized stock exchanges capital stock exchange of kerala cochin stock exchange coimbatore stock exchange hyderabad stock exchange madhya pradesh stock exchange magadh stock exchange mangalore stock exchange saurashtra kutch stock exchange retrieved from https en.wikipedia.org w index.php title mcx stock exchange & oldid 731311771 categories stock exchanges in indiacompanies based in mumbaiforeign exchange companiesfutures exchangescompanies established in 2008economy of mumbai2008 establishments in indiahidden categories articles needing additional references from july 2013all articles needing additional referencesarticles with a promotional tone from july 2016all articles with a promotional toneall articles with unsourced statementsarticles with unsourced statements from july 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages bahasa indonesia edit links this page was last modified on 24 july 2016 at 14 40 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non 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