SEBI nod for MCX clearing corporation
MCX, the country's largest commodity exchange, has received capital and commodity market regulator SEBI's
approval to clear all trades through its subsidiary MCX Clearing Corporation (MCXCCL). In a bid to derisk operations last August, SEBI had approved MCX's proposal and provided initial licence to operate the clearing
house for one year with a condition to generate a net worth of
Rs 300 crore by September 2019. MCXCCL is the first clearing corporation to get SEBI's approval in the commodity derivatives market.