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Financial Technologies- MCX Stock Exchange (MCX-SX)
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CORPORATE OVERVIEW
MCX-SX - MCX Stock Exchange
(www.mcx-sx.com)
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LEADERSHIP
bullet Leading currency derivative platform with 56% market share in India*
bullet Average daily turnover of Rs. 20,025 crores for quarter ended 30th June, 2010
bullet Regulated by the SEBI & RBI and co-promoted by Multi Commodity Exchange of India Ltd. (MCX) and Financial Technologies (India) Limited (FTIL)
 
* for the month ended 30th June, 2010
MEMBERS
bullet Hedgers: Importers & exporters, Banks & financial institutions, foreign currency dealers, Corporates with foreign currency exposure.
bullet Arbitrageurs
   
PRODUCT
bullet MCX-SX currently offers currency futures in the following currency pairs:
 
  • US Dollar - Indian Rupee (USD/INR)
  • Euro-Indian Rupee (EUR/INR)
  • Pound Sterling-Indian Rupee (GBP/INR)
  • Japanese Yen-Indian Rupee (JPY/INR)
bullet Margin as per SPAN * margin system +1% ELM **
 

SPAN - Standardized Portfolio Analysis of Risk, a leading margin system
** ELM - Excess Loss Margin

   
GROWTH DRIVERS
bullet Enhancement of lot size and increase in trading limits
bullet Introduction of interest rate derivatives may debut by January 2009
bullet Introduction of other currency and cross currency pairs, other FX products and new market segment like SMEs
bullet Introduction of other products like options, indices
bullet Participation of FIIs, and NRIs expected in near future
   
GOVERNANCE
bullet Ashok Jha - Chairman, BOD
bullet Jignesh Shah,Vice Chairman, BOD
bullet Joseph Massey , MD and CEO
bullet U.Venkataraman, Executive Director
  www.mcx-sx.com
 
 
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