INSUBCONTINENT EXCLUSIVE:
MUMBAI: The Metropolitan Clearing Corporation of India, a subsidiary of Metropolitan Stock Exchange (MSE), will clear and settle the trades
executed at Indian Commodity Exchange (ICEX) from this month
currencies.
Capital markets regulator Sebi recently allowed interoperability among clearing corporations mainly to reduce trading cost
Different exchanges have their own clearing corporations till now, which handle settlement of trades on the respective stock
exchanges.
Metropolitan Clearing Corp will act as the counterparty for all trades to be executed on ICEX, and guarantee settlement
Accordingly, the associated risks will also be assumed and handled by the Metropolitan
