SEBI Approves New Name For MCX-SX – Metropolitan Stock Exchange Of India Ltd (mSXI)
The Board of MCX-SX approved the proposal of rechristening the Exchange few months ago and subsequently the Exchange submitted an application to SEBI. The functioning and the trading operations will remain seamless as the Exchange would migrate to the brand identity over the next few months upon RoC approval.
The Exchange has recently shifted office to new office premises in Bandra Kurla Complex and also moved the data centre to Tata Communications in BKC, Mumbai. The shifting of the data center has also helped the Exchange in vastly improving its latency. This is being appreciated by many market participants.
Mr. Saurabh Sarkar, MD & CEO, MCX-SX said, “We are thankful to SEBI for granting the renewal of license last week and now approving our proposal for a new name. This is a crucial driver of our rebranding initiatives. This will sharpen our focus on raising the brand visibility and member engagement programs linked to the exchange’s activities. ”