Metropolitan Stock Exchange

Metropolitan Stock Exchange of India
TypeStock Exchange
Location205 (A), 2nd Floor, Piramal Agastya Corporate Park, Kamani Junction, L.B.S Road, Kurla West, Mumbai, India
Founded2008
OwnerMinistry of Finance, Government of India.
Key peopleLatika S Kundu[1] (MD & CEO)
Mr. Dinesh C. Patwari (Chairman, Public Interest Director)
CurrencyIndian rupee (₹)
futures contracts (USD-INR, EUR-INR, GBP-INR, JPY-INR) & IRF
Websitewww.msei.in

Metropolitan Stock Exchange of India Limited (MSE) is a stock exchange regulated by Securities and Exchange Board of India (SEBI). 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.

Mr. Dinesh Chander Patwari, erstwhile Principle Chief Commissioner of Income Tax, Karnataka and Goa region in Bengaluru, and a retired Indian Revenue Service (IRS) officer of the 1986 batch, currently a mentor to a social impact venture- OUT India (Organising the Unorganised India) which is doing an excellent work in connecting workers to jobs, skills, credit and providing community to underprivileged, 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 Multi Commodity Exchange of India Limited (MCX), Union Bank of India, State Bank of India, Bank of Baroda, Punjab National Bank, IFCI, Bank of India, Indian Bank, Trust Investments, Mr. Siddharth Balachandran, Mr. Nemish Shah, Aadi Financial.

Products

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Currency Futures & Options[2]

• MSE Exchange launched its currency futures trading platform on October 07, 2008.

Currency futures on USD-INR were introduced for trading and subsequently the Indian rupee was allowed to trade against other currencies such as euro, pound sterling and the Japanese yen.

Currently Currency Futures and Options are available on four currency pairs viz. US Dollars (USD-INR), Euro (EUR-INR), Great Britain Pound (GBP-INR) and Japanese Yen (JPY-INR). Cross currency Futures and Options are available on three currency pairs viz. EURUSD, GBPUSD and USDJPY.

The product specification of this products are available on Exchange website link- |url=https://www.msei.in/products/currency-derivatives/default}}</ref>

Interest Rate Futures[3]

• An interest rate futures is a financial derivative. The underlying asset for interest rate futures is an interest bearing instrument.

It is a standardized agreement to buy or sell certain quantity of a given underlying on a specified future date at a set price.

Interest Rate futures are mainly used to hedge against the risk of adverse movement in interest rates. Examples of Interest rate futures are 91-day Treasury Bill Futures, 10-Year Government of India Bond Futures.

The list of active Interest rate futures available for trading is present on Exchange website link- |url=https://www.msei.in/products/ird/default}}</ref>

Equity Segment[4]

• 2062 companies are available for trading

Equity Derivatives[5]

• A security whose price is dependent upon or derived from one or more underlying assets. The derivative itself is merely a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. There are several different types of equity derivative including options, warrants, futures, forwards, convertible bonds, and swaps. Each has its advantages, and each is often used in a particular situation. However, Futures & Options are the most common types of Equity derivatives.

MSE launched Capital Market Segment, Futures and Options Segment and flagship index SX40 on February 9, 2013, and commenced trading from February 11, 2013.

The contract specifications are available on Exchange website link - |url=https://www.msei.in/products/equity-derivative/default}}</ref>

ETFs[6]

• 40 ETF’s available for trading

Gold Bond[7]

• 37 Sovereign Gold Bonds (SGBs)

Debt

• Temporary suspended

See also

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References

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  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.

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