MCX-SX Clearing Corporation Ltd. (MCX-SX CCL) was incorporated on 7th November 2008 under the Companies Act, 1956. The company is promoted by MCX Stock Exchange Ltd. (MCX-SX), Multi Commodity Exchange of India Limited (MCX) and Financial Technologies India Limited (FTIL). The promoters of MCX-SX Clearing Corporation Ltd. are of national and international repute with domain knowledge of setting up Exchanges across the globe. The main objects of the MCX-SX Clearing Corporation Ltd. is to act as central counterparty to all the trades and provide full novation and carry on the business of clearing and settlement of currency futures contracts.