MCX Stock Exchange (MCX-SX) enables importers, exporters, investors, corporations and banks to hedge their currency risks at low transaction costs and with greater transparency and safety. With a large number of banks, corporate and brokerage houses as its trading members, MCX-SX provides the desired liquidity and depth for all categories of users. Further, MCX-SX guarantees settlement of all transactions which enhances safety by eliminating counterparty risk. Besides large users, MCX-SX benefits small and medium enterprises (SMEs) and resident Indians, who hitherto did not have easy access to and better bargaining power in the currency market.

MCX-SX’s currency derivatives segment offers an India-wide electronic platform for trading in currency futures under the regulatory control of Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI).