"MCX Stock Exchange"

                    MCX Stock Exchange Limited (MCX-SX), India’s new stock exchange, is recognized by Securities and Exchange Board of India under Section 4 of Securities Contracts (Regulation) Act, 1956. The Exchange was notified as a “recognized stock exchange” under Section 2(39) of the Companies Act, 1956 by the Govt. of India on December 21, 2012. In line with

global best practices and regulatory requirements, clearing and settlement of trades done on the Exchange is conducted through a separate clearing corporation − MCX-SX Clearing Corporation Ltd. (MCX-SX CCL).

MCX-SX commenced operations in Currency Derivatives (CD) segment on October 7, 2008 under the regulatory framework of SEBI(Securities and Exchange Board of India) and Reserve Bank of India (RBI). MCX-SX commenced trading in Capital Market (Equity Cash) and Futures & Options (Equity Derivatives) Segments with effect from February 11, 2013 and started SX40 index fuitures on options on May 15, 2013.

Commitment to Financial Literacy and Inclusion

                  ‘Information, Innovation, Education and Research’ are the four cornerstones of the unique market development philosophy adopted by MCX-SX and supports its mission of Financial-literacy-for-Financial Inclusion™, as is envisaged by the Government of India. As part of this mission, MCX-SX conducts large-scale investor education and awareness programmed across the length and breadth of the country, averaging at least one programmed per working day. MCX-SX collaborates with academic institutions of repute, media, trade bodies, international organisations and industry experts for organizing these programmed. MCX SX is the only exchange that has come up with a ‘Manifesto of Change’, which is a road map of what the Exchange intends to achieve in terms of driving market development and inclusive growth over the next 10 years.

Products :-

Currency Derivatives Segment:

* Currency Futures:

              MCX-SX offers trading in four currency futures pairs – US Dollar-Indian Rupee (USDINR), Euro-Indian Rupee (EURINR), Pound Sterling-Indian Rupee (GBPINR) and JapaneseYen-Indian Rupee (JPYINR)

* Currency Options:

                  MCX-SX offers a European style Call & Put Options in USDINR, with a smaller tick size of 10 bps as compared to others. This facilitates better price discovery, increased hedging effectiveness and cost-effective risk management

Capital Market Segment: 

                  MCX-SX offers a hi-tec and cost effective avenue for new issuance (primary market) as well as trading of securities (secondary market).

Futures & Options Segment:

               MCX-SX offers unique avenue forhedging and leveraging activity huge contract values with a relatively small amounts of margin. Derivatives are fi¬nancial instruments whose value is primarily derived from one or more underlying securities

SX40: 'SX40' is the flagship Index of MCX-SX. A free-float based index of 40 large cap - liquid stocks, representing diverse sectors of the economy. It is designed to be a performance benchmark and to provide for efficient investment and risk management instrument. It would also help in structuring passive investment vehicles.Its base value is 10,000 with the base date of March 31, 2010.