The flagship index of the MCX Stock Exchange (MCX-SX) will be known as SX-40,

Team Members Shihab C P Shafeek Sony

About the organization

MCX Stock Exchange Limited (MCX-SX), Indias new stock exchange, commenced operations in the Currency Derivatives (CD) segment on October 7, 2008 under the regulatory framework of SEBI&RBI. The Exchange is recognised by SEBI under Section 4 of Securities Contracts (Regulation) Act, 1956. The average daily turnover (ADT) of MCX-SX currency futures stood at Rs 12,927.83 crore at the end of June 2012

Basic Information about the organization

Type Industry Founded Headquarters Key people : Private : Stock Exchange : 2008 : Mumbai, India : Mr. Joseph Massey, MD & CEO : Currency futures contracts (USD-INR, EUR-INR, GBPINR, JPY-INR) : www.mcx-sx.com

Products Website

Founder of MSX-SX

Mr. Joseph Massey, MD & CEO

Cont.
MCX-SX endeavors to ensure continuous innovation by introducing various products and services under the extant regulatory framework MCX-SXs mission has been to promote Financial-literacy-forFinancial Inclusion MCX-SX till date has conducted more than 1300 investor education programmes across the country, averaging almost one such programme per working day

News Updates about the Company

14 Sep 2012-Business Standard-MCX-SX aims to begin trading with 1,200 stocks Sep 2012-Times of India-MCX-SX targets rural clients, to impart training 13 Sep 2012-DNAIts now the Big Three Sensex, Nifty and SX-40 13 Sep 2012-Hindu Business Line-MCX-SX flagship index unveiled as SX40 13 Sep 2012-Financial Express-MCX-SX to launch 40-share benchmark index in November 13 Sep 2012-Financial Chronicle-India to get a third equity benchmark 12 Sep 2012-Business Standard-MCX-SX plans to offer SME platform from next year 12 Sep 2012-Hindu Business Line-MCX-SX to set up state-level advisory boards 11 Sep 2012-Financial Express-MCX-SX keeps trading costs below NSEs

About the news

The flagship index of the MCX Stock Exchange (MCX-SX) will be known as SX-40, said Jignesh Shah, Vice-Chairman of the new stock exchange. MCX-SX will work with Indian Statistical Institute, a research organisation, for its indices The SX-40 will be a free-float-based index of large market-cap and liquid stocks representing most importing sectors. Outlining the philosophy behind naming the flagship index as SX-40, Shah said that life begins at 40.

Why it happened?
When you are 30, you are energetic, young, full of enthusiasm and vibrancy. But on experience and seasoned approach, maturity you are still young. At 50, you are a little stagnant and on the other side of the curve. But you have experience. I believe 40 is when life begins. So, we have decided to title the index as SX-40, said Jignesh Shah, ViceChairman of the new stock exchange.

Cont.
The launch date for the equity segment, is planned for Diwali. Asked how many stocks will be available for trade on the launch date, he said potentially all of them will be available. Those that would be available for trade on the launch date will be listed under the permitted category, he added.

Concept Clarification
Outlining the philosophy behind naming the Flagship

index as SX-40, Shah said that life begins at 40.

SX-40 will capture not only Market-cap convergence, but also the growth of the country. It is a very right-sized number to represent the sentiment of India, The SX-40 will be a Free-float-based index of large market-cap and liquid stocks representing most importing sectors. MCX-SX currently offers a world-class electronic trading platform in Currency futures

contracts.

Thank you.