Financial Technologies promoted Multi Commodity Exchange of India (MCX), has received SEBI's 'in-principle' approval for its subsidiary "MCX Stock Exchange", which had applied for currency derivatives.
MCX Stock Exchange will commence membership enrollment from tomorrow and it has already conducted 7 road shows in which over 1000 plus representatives from commodity brokers, banks, exporters, importers, stock brokers, foreign exchange brokers and corporates have attended and have shown expression of interest to become the member of the afore said Exchange.
The others who had applied for currency futures include NSE and BSE. NSE has already got the approval and plans to start currency futures trading from 29th August.