MCX-SX to become Metropolitan Stock Exchange

MCX Stock Exchange (MCX-SX) has received approval from capital markets regulator Sebi to rename itself as Metropolitan Stock Exchange of India or mSXI.

After reclassifying MCX and Financial Technologies as non-promoters, MCX Stock Exchange had last month firmed up plans for a name change and move out its head office from Jignesh Shah-owned Exchange Square at city suburb Andheri.

The change of its name is a part of the turnaround strategy to give the exchange a new identity, disassociate from its original promoters and shift to a phase of high growth.