Markets regulator Sebi today said it has granted recognition to Multi Commodity Exchange Clearing Corporation, a wholly-owned subsidiary of MCX, for a period of one year.
The period of recognition is from July 31, 2018 till July 30, 2019, according to the Securities and Exchange Board of India (Sebi).
"Sebi has granted recognition to Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL) for a period of one year commencing on the July 31, 2018 and ending on the July 30, 2019," the regulator said in a statement.
Separately, leading exchange BSE said the India International Exchange (India INX) has been notified as a 'recognised stock exchange' by the central government.
India INX is based in the International Financial Services Centre at Gujarat International Finance Tec-City.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)