MCX-SX rechristened as Metropolitan Stock Exchange MCX Stock Exchange has received approval from capital market regulator SEBI to change its name to the Metropolitan Stock Exchange of India (mSXI). The change in name is part of a turnaround strategy to give the exchange a brand new identity and disassociate itself from the scam-tainted promoter, Financial Technologies. The exchange is in the process of making an application to the Registrar of Companies (RoC) for registration of the new name, said MCX-SX in a press release. The board of MCX-SX approved the proposal of rechristening the exchange a few months back and subsequently an application was submitted to SEBI. The functioning and trading operations would remain seamless as the exchange would migrate to the new identity over the next few months upon RoC approval.
Posted on: Wed, 24 Sep 2014 04:46:39 +0000
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