Metropolitan Stock Exchange

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Metropolitan Stock Exchange of India
Metropolitan Stock Exchange Metropolitan new logo.jpg
Type Stock Exchange
Location205 (A), 2nd Floor, Piramal Agastya Corporate Park, Kamani Junction, L.B.S Road, Kurla West, Mumbai, India
Founded2008
Owner Ministry of Finance, Government of India.
Key peopleLatika S Kundu [1] (MD & CEO)
Mr. S.V.D. Nageswara Rao (Chairman, Public Interest Director)
Currency Indian rupee (₹)
futures contracts (USD-INR, EUR-INR, GBP-INR, JPY-INR) & IRF
Website www.msei.in

Metropolitan Stock Exchange of India Limited (MSE) is a stock exchange under the ownership of Ministry of Finance, Government of India. 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.

Contents

Mr. S.V.D. Nageswara Rao, Senior faculty of Economics and Finance at the School of Management IIT Mumbai is 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.

Subsidiary

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

Currency Futures & Options [2]

• Available for trading in USD/INR, GBP/INR, EUR/INR and JPY/INR

Contracts along with cross currency pairs of EUR/USD, USD/JPY, GBP/USD

Interest Rate Futures [3]

• Futures contracts on 6 GOI Bonds with maturity buckets of 6 years, 10 years and 13 years are made available

Equity Segment [4]

• 1348 companies are available for trading

Equity Derivatives [5]

• Index Futures and Index Options are available for trading on MSE Index SX40

• Available F&O trading in the Exchange on 191 Stocks

ETFs [6]

• 49 ETF’s available for trading

Gold Bond [7]

• 42 Sovereign Gold Bonds (SGBs)

Debt

• Currently suspended

See also

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References

  1. "Metropolitan Stock Exchange names Latika Kundu as new CEO". The Economic Times.
  2. "Products | Metropolitan Stock Exchange of India LTD. Limited (MSE)".
  3. "Interest Rate Futures | Products | Metropolitan Stock Exchange of India Limited (MSE)".
  4. "Equities | equity | Products | Metropolitan Stock Exchange of India LTD. Limited (MSE)".
  5. "Equity Derivatives". The Economic Times.
  6. "ETF".
  7. "Gold Bonds".

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.