MCX can act as clearing corporation

CHENNAI: The Multi Commodity Exchange of India Ltd (MCX) on Monday informed the BSE that its wholly owned subsidiary MCX Clearing Corporation Ltd (MCX CCL) has received in-principle approval from SEBI to act as a clearing corporation.
In October, MCX sought permission from SEBI to transfer clearing and settlement of trades to a separate clearing corporation.
On Monday, MCX said in a regulatory filing that "MCX CCL has received in-principle approval to act as a clearing corporation for a period of one year."
With SEBI permitting options trading on commodity exchanges, there have been increasing volumes.Earlier, only futures trading was permitted.