MCX Stock Exchange (MCX-SX) was first granted recognition by Sebi in September 2008, but it was allowed to conduct trading only in the currency derivatives segment.
With today's approval, MCX-SX would be able to offer additional asset classes such as equity and equity F&O (Futures and Options), interest rate futures and wholesale debt segments.
Welcoming the decision, MCX-SX Vice Chairman Jignesh Shah said: "We are thankful to the regulator and policy makers for effecting calibrated reforms that will foster a pro-competitive environment in India
