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What Is The Metropolitan Stock Exchange or MSEI?
MSEI is a new-age exchange and still small in terms of operations. The exchanges provides trading in equity, debt, derivatives and F&O that is typical of any exchange.
As with other known exchanges, Metropolitan Stock Exchange of India Limited (MSEI) received recognition by the SEBI and was formally notified to be a recognized stock exchange by the Corporate Affairs Ministry on Decemeber 21, 2012.
Major Stakeholders
A stake of over 88% in the small-scale exchange is held by top-most public and private sector banks together with other domestic financial institutions.
Service Offerings of MSEI Typical to Any Exchange
Like other exchanges, MSEI offers trading in capital markets, F&O segment, debt market and currency derivatives.
Also the exchange provides an SME trading platform.
The company also offers a platform for trading in IRF or Interest Rate Future on 10-year, govt. of India security. The exclusive product rolled by the govt. of India provides for a good hedge against volatile interest rates.
Companies listed on the MSEI
Over a considerable time span, some of the listed that until now were listed on the regional exchanges have now moved to the MSEI. The company primarily intends to boost equity trading by attracting block deal and ETFs.
Financial literacy as well as inclusion also catered to by MSEI
To foster financial literacy, the exchange has embarked on a policy to conduct atleast one literacy and awareness programme on a daily basis across the length and breadth of the country. The company has in collaboration with NISM begun to provide NISM exam for capital market literacy.
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